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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Benkea who wrote (34459)	11/30/1999 7:34:00 PM
From: pater tenebrarum	Respond to of 99985

Benkea, i think that will continue to depend on whether the Fed keeps on injecting liquidity. if yes, 5% may be it. if no, the current state of the sentiment gauges says we should see more than 5%. in fact the sentiment setup this year, including the upswing in bullish sentiment on this rally looks like a copy of the '87 sentiment data, only slightly removed to the right. this is not to say we will crash, only so many of the technical internals have deteriorated along with the sentiment picture, that i think ultimately the pullback could become a bit scary. watch out for coupon passes and repo's though... regards, hb

To: Benkea who wrote (34459)	11/30/1999 7:41:00 PM
From: Les H	Read Replies (1) \| Respond to of 99985

Looks like it will be led by big-cap techs... tscn.com May get a short-term broad market buy by Thursday since the broader market has already sold off since.

To: Benkea who wrote (34459)	12/1/1999 1:39:00 AM
From: Lee Lichterman III	Read Replies (2) \| Respond to of 99985

>>Anyone have any expectations re: the size of the pullback? << A lot depends on the big boys like CSCO, EMC and SUNW as I refered to in an earlier post. If they stay weak, then we could get real ugly fast. I am looking at 2800 myself right now but since my old fork was violated during the blow off, it is a tough call. By the way, congratulations KM on your puts, I was starting to think that they would never fall. I do expect another push up but I am afraid to buy ahead of the FOMC since I do expect a tightening bias at least and therefore feel that others may feel the same as I do. If so, things could get cheaper than I expect. I am actually slightly bullish though and already have some buys on my radar screen. Just waitng for a sign. I found it odd that today the market internals were better than on the past few days when the markets were up. Strange times we are in. Good Luck, Lee