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

To: dennis michael patterson who wrote (35934)	12/23/1999 7:12:00 PM
From: bobby beara	Read Replies (3) \| Respond to of 99985

Dennis, adding to q on the dip here might not be what the doctor ordered, i have that thread bookmarked and lately everytime i log on, there are an unbelievable 100-300 posts and i log on often. batman and the princess were only right on 15% of the market, shareholders of xerox think batman is fartman. b

To: dennis michael patterson who wrote (35934)	12/24/1999 11:28:00 PM
From: Robert Graham	Read Replies (2) \| Respond to of 99985

I actually think the second rush of liquidity we have been experiencing in the market I suspect is from foreign money. And foreign markets like the Japanese tech driven market is going up on our coat-tails. Just add these two items together onto the backdrop of a low inflation and high growth economy: some key NASDAQ stocks being added to the S&P 500, and the Feds infusion of additional liquidity through their being no rate hike or bias. Pop goes the weasel! And now we have a market where the S&P recently lead with a very sizeable move up, and doing this against the increasing interest rate on the long bond that is now beyond normal threshold limits that would normally put a cap on the market, particularly the S&P 500. And I do not believe that the significant sell off in the (bear) bond market is related to any economic worries at this point in time. I will also add that IMO this market will end on a bang. This is like a gun shooting both directions, first being the forward direction, followed by the reverse direction which is aimed at the trader themselves. Just watch out for the second shot to follow the first. I expect the infectious exuberance in the market will be at a high when this happens. And I think the first sign to show up is increased volatility with some good pitchbacks followed by further deceiving advances. Heck, the NASDAQ market, which is the market leader, has been acting as a momentum stock for some time now, even by the 10 EMA criterion when it rallies. I expect it to have a similar demise. Not good for those who only can take a long position, which comprises most public traders. Enough coffee table talk. Have a Merry Christmas and a Happy New Year! :-) Bob Graham PS: Now I can call this "coffee table" talk, which is what I think this talk about the market the long term direction of the market by many who are day traders, without getting "reprimanded" by LG. Life is good indeed! LOL