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

To: HairBall who wrote (36617)	1/4/2000 4:25:00 PM
From: Cynic 2005	Respond to of 99985

<<I am amazed at all the "talking heads" stepping forward to say this decline today was predictable.>> Did they say that. On Dec 30th or 29th Joe K and Mark Haines concluded that since consensus was to go down after in the new year, the market will surprise all of us by going UP. Joe was very assertive and Mark added that Jan is the most liquid month. Bozos they are.

To: HairBall who wrote (36617)	1/4/2000 4:44:00 PM
From: pater tenebrarum	Respond to of 99985

LG, indeed...fact is the majority of the talking heads was busy proclaiming the new era and expectations of money on the sidelines entering the market post y2k were bandied about. and i'm on the same page with you regarding the preceding rally being a massive distribution effort that went further than expected...as was well documented here, the Fed had a big, if probably unwitting, hand in that. the proof is in the pudding...the first day of repo's not being rolled over and the bottom falls out. regards, hb