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

To: Haim R. Branisteanu who wrote (50946)	5/16/2000 2:07:00 PM
From: marginmike	Read Replies (2) \| Respond to of 99985

The NDX broke through resistence at 3580 and BKX above critical 780 level. They both point to a near term rally. Frankly the BKX told me yesterday that the market would rally to day. I was to busy hybernating to listen. The fact that BKX rallied before Fed and CPI was a give me. They are saying now market is still rallying. If 3580NDX is broken or BKX on two closses then I would start thinking down again. Unfourtunatly looks like are Tech rally is here for a whille.

To: Haim R. Branisteanu who wrote (50946)	5/16/2000 2:08:00 PM
From: Crimson Ghost	Respond to of 99985

Haim: The gold shares are acting better today despite the rally in the dollar. A straw in the wind? BTW, the Columbia University data seem to be signaling STAGFLATION. Their leading index of the economy is weakening while their index of future inflation is rising. businesscycle.com

To: Haim R. Branisteanu who wrote (50946)	5/16/2000 6:39:00 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 99985

Haim, I must agree with you, someone was distributing until 2:30, just minute before the fed announcement I started lightening up, by 5 minutes after the announcement, I was back at 60% cash. Since we never had extreme readings in many of the sentiment indices going into this rally, and the VIX closing on 25 (a lot of complacency), I believe we have a good chance of topping. If you press me for a date and time, the local top should arrive around 2:30 PM tomorrow (now, that was in jest!!!!). Zeev