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

To: Haim R. Branisteanu who wrote (35533)	12/21/1999 3:56:00 AM
From: Lee Lichterman III	Read Replies (2) \| Respond to of 99985

Interesting that your scan is picking up a lot of "price breakouts". I am finally getting some sell signals on my scans due to over bought cycles etc. My QQQ finally kicked in which is the one I have been waiting for. I think the FOMC holds the key but even if the news is good for the market, I think the rotation is about to begin from the NASDAQ to the old fogey DOW type stocks. Banks, drugs, healthcare etc need to bounce and do it soon or they aer dead and will drag the rest of the market down with them. The Bond is right at the second support I show and can't close below it for 2 days or it will be time to mortgage the house and buy puts on the whole stock market. My cycles aren't showing us lined up for a major crash so I am more inclined on a slight drop in the markets and a slight recovery in the bonds for the next day or two. Of course all this is irrelevant since the Fed holds the key. I don't think there is any way the Fed will LOWER rates so that scenario is out, A raise in rates and the markets tnak for a day or two at least. The big question is what happens if they go to a tightening bias and if they do nothing. Do nothing and the Bond falls further???? Tighten and the market drops a bit for how long before recovering on the assumption the Fed can't raise for 2 months so party while you can. <ng> I guess I am looking for a concensus on no change, what affect will the falling bond have on the market i.e. what is the rate required to kill the exuberance? 2nd, How long will the market drop on a tightening announcement before it bounces and another leg up starts. Good Luck, Lee