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

To: Cathedra who wrote (36271)	12/30/1999 11:44:00 AM
From: Haim R. Branisteanu	Read Replies (2) \| Respond to of 99985

Tom it was short covering before year end. Aside those are not good news from an inflationary point. Aside with interest rates at those levels teh market is around 40% overpriced not to mention tech stocks who are mostly 100% overpriced. BWDIK Haim

To: Cathedra who wrote (36271)	12/30/1999 2:33:00 PM
From: Lee Lichterman III	Read Replies (1) \| Respond to of 99985

>>After the inflation-friendly Chicago Purchasing Managers data << Yes but the unemployment claims also dropped back to record lows again. Don't have time to link right now but if you go to the Fed reserve of St. Louis. ( there is a link off of my site that will get you there) Scroll down to currency outstanding and take a look. For those that claim the Fed repos are not hitting the street, the chart clearly shows a violation of resistance as we are now being flooded by more cash than at any other time in history. The report shows up as numbers but there is a chart Gif option that will put it on a graph, you can change the time periods displayed. It was mainly a nice 40 degree angle throughout history with a dip around the 90 time frame, the last few months is going almost vertical. If when this goes back to a historical norm or else they dry it up, look out below. Good Luck, Lee