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


To: dennis michael patterson who wrote (38964)2/3/2000 4:49:00 PM
From: Benkea  Read Replies (1) | Respond to of 99985
 
dennis:

Yep, the first trip back to 3790 on the NDX looked sad and fell, but not for long - eh? Congrats - again!



To: dennis michael patterson who wrote (38964)2/3/2000 4:50:00 PM
From: pater tenebrarum  Read Replies (1) | Respond to of 99985
 
Dennis, 'lack of news' is going to stop it? i strongly doubt that. btw, we're getting BSL stats tomorrow, and we ALWAYS rally on those. it's really incredible how the same patterns (rate hike rally, jobs data rally, etc.) seem to work EVERY time in this market. of course, the Fed is busy adding reserves through the back door as expected.
a failure of the usual patterns would probably be a warning sign...but then there are more than enough warning signs already.
apparently though the flow of money into stock funds continues unabated...and it better stay that way, as a veritable flood of paper is due to hit the market and mutual fund cash levels are scraping along all-time lows.
anyway, the 'we dare you' crowd has flipped bubble boy the bird...again. <ggg>

regards,

hb