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


To: long-gone who wrote (40087)2/12/2000 11:51:00 PM
From: BubbaFred  Respond to of 99985
 
That's a likely possibility, but will that be the bottom?
IMO, as long as the energy price continues to stay at this level or rise, the inflationary pressure is magnified.

Check also Berkshire Hathaway (brkb and brka).

Message 12843426
To: Lee who wrote (30706)
From: IQBAL LATIF
Friday, Feb 11, 2000 10:45 AM ET
Reply # of 30714

<<bullishness is not expected to extend to the broader market, however, the January retail sales report released this morning should keep the losses in check. While the results failed to meet analysts' expectations, investors are taking that as a positive. The hope is that the Fed will view the decline in retail sales as a sign that economic growth is slowing and be less inclined to continue to raise interest rates. This is probably not enough to stop the divergence between the DJIA(sm) and NASDAQ though and traders expect the market to continue to trade mixed into next week. >> EXPERTS OPINION...

I would assume that 1400 should hold and we may see a recovery based on slowing retail sales after this initial weakness, now that we have two closes below 11880 on DOW we are in channel that is lower channel and have all the ability to take DOW to as low as 10000 level.. I would wait for DOW to recover to 10860 for any long on the DOW index otherwise we can see that brkb can test as low as 1500 to 1480... Susan the stocks I like are Yum type for long term and beaten down stocks like jnj ko pg nke bmcs jpm c mrk ups one for medium to long term 1 - 2 years.. bdk..