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


To: Jorj X Mckie who wrote (44064)3/24/2000 9:34:00 PM
From: GROUND ZERO™  Read Replies (2) | Respond to of 99985
 
I'll be happy with cash at 1505... I could cover my short calls for a tidy sum... take a look at the yen...

commoditiesfutures.com

It looks like a buy to me... this means that dollars are being sold... that spells trouble for the bonds, which sold off for better than a full basis point today... the dollar chart look the same as the yen, except in reverse... the crude has just about finished it's pull back... I don't think we're out of the woods quite yet... we're also very over bought.....

GZ



To: Jorj X Mckie who wrote (44064)3/25/2000 12:26:00 PM
From: OX  Read Replies (2) | Respond to of 99985
 
now, now Jorj, there are plenty of bulls or ppl who play both sides here :-)

re: BPNYSE

I have to say, even as an avid PnF follower, that I was disappointed that it took the BPNYSE so long to reverse up this go around. Even if it did when the 'unofficial' numbers turned up on 3/17, it missed a significant move up. My conclusion is that this is the beginning of something big, or prelude to something big even if BPNYSE reverses down again since it is in such low territory already.
That is of course, unless money decides to rotate out of the big caps into the smaller caps masking the overall index gains.