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

To: Les H who wrote (35878)	12/23/1999 1:34:00 PM
From: bearshark	Read Replies (1) \| Respond to of 99985

Les: Those charts graphically show what interests me most. I follow the ebb and flow numerically. I have been expecting the NYSE advancing and declining issues to improve next week. They have started already to some extent. The NYSE volume never deteriorated as far as it normally would at a bottom. This is because money was either willingly placed into or forced into the market while the losing stocks were sold off for tax purposes. That forced the the 20-day ARMs to dive below 4 for nearly 3 weeks. I never saw that before and don't believe it ever happened before. Just imagine if the strong U. S. economy was caused by Y2K inventory buildup. If so, we will have a slowdown next quarter. That could reduce the pressure on the Fed or it just may give them the opportunity to suck some money out of the system quietly. We have sideline money waiting to get in. We have garbagenets loaded with funds. With a slightly broadening market, a slowing economy accompanied by stable or lower rates, a rebounding world economy, a punk dollar, and we could see an unbelievable frenzy in cyclicals next month. This sounds absurd, but if it happens, we will all be stunned by the performance of the INDU in the next few months. I will post the DOC report in the next post talking about inventory buildup.