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

To: dennis michael patterson who wrote (36933)	1/6/2000 10:54:00 PM
From: John Madarasz	Respond to of 99985

Bridge News 1/6 6:15:22 pm US Today Key events to watch and why on Jan 7 Jan. 6-MAR-- US stocks will take their cue from the December employment report due out before the bell. But another aborted late rally and an after-hours profit warning by Lucent Technologies gave signs the technology correction has further to go. .......................................................................... .... FOREX: The US equity markets will provide less focus for the FX markets following the mixed market Thursday. Dollar/yen might forge higher, but euro/dollar rally since Monday seems to be over. The key levels are 105.60 in dollar/yen and 1.0300 in euro/dollar. All eyes will be on the Dec US jobs report. .......................................................................... .... BONDS: All eyes are on the jobs report with the key elements being the unemployment rate and earnings measures. If earnings rise beyond the consensus or the unemployment rate declines, it's likely to stoke market fears the Fed may hike rates 50-basis points at the February meeting, as opposed to 25-basis points. Treasuries will keep an eye out for the stock market's reaction to the data. If stocks sell off sharply on troublesome data, it could limit bond market losses. .......................................................................... .... ENERGY: Feb crude could again open lower Friday, with eyes on talks between key producing nations Venezuela and Mexico and likely more surveys estimating OPEC output for December. .......................................................................... .... METALS: COMEX Feb gold futures held $280 support Thursday and are expected to continue to end the week in the $280-285 area. Any further dip in platinum and silver prices could pressure gold, although short covering could come into the market ahead of the weekend. Players will watch Friday's US employment figures, housing completions and consumer credit for a sense of economic direction .......................................................................... .... End Previous Stories 18:15:16 Latin America Financial Markets Summary-Jan 6 18:15:18 US Credit Review Up 2332 on Nasdaq drop short-covering 18:15:19 US Credit Review Up 2332 on Nasdaq drop short-covering 18:15:20 US Today Key events to watch and why on Jan 7 Next Stories 18:40:12 Add US monthly financial calendar 18:40:14 Add US monthly financial calendar 19:25:12 Asia FX Opening Summary of overnight moves and whats ahead 20:55:13 --Japans Miyazawa says current dlryen conditions not worrisome marketcenter.com

To: dennis michael patterson who wrote (36933)	1/7/2000 8:46:00 AM
From: Terry Whitman	Read Replies (1) \| Respond to of 99985

Hi Dennis, AOsmell is sitting on the bottom of a falling channel right now- so odds are that it will rally for a bit. If it falls instead (more than 3-4) I would short it on any uptick, because it will have violated the channel. If it rallies, the top of the channel would suggest a good entry point may be any where above 75 in the next few days. I suggested last week to short when it broke 75- but I didn't follow my own advice. <g> Here's a nice report on it- but as you can see, it has broken the 70 support level since that was posted. stockcharts.com also Unemployment report out- biz.yahoo.com