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

To: John Madarasz who wrote (45856)	4/12/2000 10:31:00 PM
From: dennis michael patterson	Read Replies (2) \| Respond to of 99985

I'll tell you why 3300 is unlikely. This is pure speculation. But here goes. The bulls have conceded 3650. I bet you a dollar that a major ass kicking rally starts there. The bulls have power (i.e., money) and they have just let it go down for a number of reasons. Frankly, I am delighted. There is no reason now for G to raise rates. It's over. The market has done his job again. Second, and more importantly, self-preservation. Wall Street wants the public in this game. The money comes to wall street only if wall street is well-regarded by the public. The public is now blaming Clinton for this-- this is the Microsoft decline. This could cost Gore the election. And it should-- he is a jackass. He is on record supporting that prick Klein and his team. If this keeps up, he'll be gone with Clinton.