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


To: Haim R. Branisteanu who wrote (43582)3/19/2000 10:06:00 AM
From: Lee Lichterman III  Respond to of 99985
 
That is a good rational that may explain a lot. All I know is my charts looked like this was a valid breakout Wednesday and since I was already bullish the DOW, I was happy. I then got a buy signal on the NASDAQ so I was not surprised when it lurched up also.

My first run through of my small folder of about 50 stocks looked like the swing was going towards old tech stocks like CSCO, SUNW, MSFT etc again and that the DOW stocks were cooling a bit. However yesterday, I ran through some of my other folders of stocks and now I am getting a confusing outlook relative to upcoming news.

I have a buy on the US Dollar and a buy on interest rates aka a sell on both the 10 year note and Bonds. As I scroll through the majority of stocks, I am seeing a bit more upside but then a likely turn downward in mid week and it looks like it could be a doozy.

I still am not done yet but I am trying to find a likely explanation for this. WIll AG raise margin requirements, hike rates by more than 25 basis points, will your repatriation of Asian money happen soon??? I don't know.

I hope to get a break from my other endevors to try to get a better handle on this.

PS - Our site has moved. New address is in my profile or else there is a redirect on the old page for a while anyway.

Good Luck,

Lee



To: Haim R. Branisteanu who wrote (43582)3/19/2000 10:24:00 AM
From: Ramsey Su  Respond to of 99985
 
Haim,

dailynews.muzi.com

your scenario is logical, but may be a little to logical.

In a game of chess, it is now Chen's move. On one side, China has boxed him in a corner - either back down from you pro-independence stance or else. Is this for real or is it a bluff? Time will tell.

On the other side, it appears that the people who voted Chen into power might be showing defiance to Beijing. It may be too difficult for Chen to back down from his platform of indedpendence at the moment. I sure hate to be in his shoes right now.

Furthermore, there is a big difference between verbal sabre rattling vs action, such as firing off missiles in the Formosa Straits again. The latter can be a lot more damaging to investor confidence, especially when CNN, CNBC shows 10 seconds of film footage 30000 times in a day or two.

I have no real opinion as to what may happen.

Ramsey