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

To: Haim R. Branisteanu who wrote (38967)	2/3/2000 5:10:00 PM
From: pater tenebrarum	Read Replies (2) \| Respond to of 99985

Haim, i agree with you that ignorance is generally rewarded in this market...i also happen to think that the Fed's liquidity injections overrule every system of analysis right now. note that today's ramp once again coincided precisely with a repo announcement, i.e. the indices hit their lows within a few minutes of the announcement. once again it is glaringly obvious that liquidity provided by the Fed finds it's way immediately into the stock market (i.e. the money is certainly NOT used for productive purposes). i don't believe that the merry pranksters aren't aware of that. which means that they are consciously playing a part in market manipulation...either that, or they are a bunch of naive idiots. btw, i agree with your bond call...the bond rally is about to suffer a severe setback pretty soon. i'm out of my bond related positions as well. couldn't believe the open in the 30's today! a great moment for selling... regards, hb

To: Haim R. Branisteanu who wrote (38967)	2/3/2000 7:14:00 PM
From: bearshark	Read Replies (4) \| Respond to of 99985

Haim: I would not sell technical analysis short just yet. The INDU and OEX are working on a retrace of their broadening top patterns. www3.techstocks.com By eyeballing the INDU, about 11400 should be the maximum of any retrace and it can fall at any moment. www3.techstocks.com By eyeballing the OEX, about 785 should be the maximum of any retrace and it can fall at any moment. My own work with volume and issues is about 3 positive or up days from turning bullish--or about the same time the two charts above would be negated. So I feel the bearish case still has about three days left to it. If the above markets decline, it has more time. Add some fundamentals such as the greensnail method of dealing with a strong economy. He has the potential of duplicating Volcker's move in 1980. The FOMC knows it will want to lower rates by July. After all didn't someone just get re-nominated? My read of DCspeak leads me to believe that Washington will accept oil in a range of $25 to $30 for now. It is approaching $29. Maybe they can call on some friends to increase production a bit. Maybe not. Federal debt rates are out of kilter. That is not normal trading. Money's darling, Baby Bucks, now is trailing McCain in South Carolina. That is not good for big money. Things go wrong in a bear market. The charts are saying things are wrong. Give the bearish case three more days of an up market. If the bull wants more. . . . Well, just run like hell.