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


To: Haim R. Branisteanu who wrote (52935)6/2/2000 8:24:00 PM
From: Haim R. Branisteanu  Read Replies (2) | Respond to of 99985
 
Worth evaluating the TYX and TNX daily charts, It seems that they have formed bottom hammer ( inverse of shooting evening star) which indicates that interest rates are moving higher and that the credit markets are not buying today's employment statistics or that of slowing economy.

Would like to remind readers that the debt market is NOT hyped like the stock market which always has a story about this wonderful product whose sales will grow to no end.

Also it is note worthy that the CRB is quietly powering higher and the dollar is loosing it's luster. 105 on the index would be critical, next stop 100.

BWDIK
Haim



To: Haim R. Branisteanu who wrote (52935)6/2/2000 11:04:00 PM
From: pater tenebrarum  Respond to of 99985
 
Haim, the overall CBOE put/call ratio came in at 0,41 - this is 0,02 away from an all time low for a one day reading. the Rydex ratio is at 0,11...that's 0,03 away from an all time low.

this does not mean that the rally will be aborted right away...only that its life span is probably limited.

regards,

hb



To: Haim R. Branisteanu who wrote (52935)6/5/2000 1:08:00 AM
From: Tunica Albuginea  Respond to of 99985
 
Haim, just saw your post: " Tea leaves readers please ........ what is next? ".

I think before we can consider : " what is next ? ",
we need to a question:
" are these, current times, the same as, the " old, 1940 - 1999, times " ?
This way we can compare apple with apples and extrapolate thereof.

I say the times have changed and we cannot use past history.

The reason is, that our great el presidente has signed into law
what will be a deep reaching change:

It allows older people/retirees to work without tax penalties.

this will <b. Have tremendous implications for the economy
and stock markets because:

a) all of a sudden we don't have a " labor shortage "
b) all of a sudden Uncle Sam can continue on his diet and
cut " entitlement spending more ". Of course we all know
that entitlements are what kills Economies world wide; For
coast to coast and sea to sea; from Russia to Poland to
China to France, England, Canada on down the line.
c) we have now set a new standard: retirees have to work,
( like everybody else ), to get what they need. And that
they will get ( like everybody else ) only what they can
pay for.
d) for the mentally retarded in Rio Lindo, Ca: " There is
no free lunch in America ".

And so we begin a new era.

Our yuppies with a social science degree and 4.0 GPA from
our " free lunch, leftist, educational establishment, High
Schools, want " higher wages " and " human rights " from
our high tech industries?

Off with their heads says The Cheshire Cat in Alice in Wonderland.
" Get " the old man in ". He will work for less because
he already has perks ( Medicare and Social Security ).

And so Technology, which has been the big disinflator, is
back on the drivers seat.B2C, B2B, whatever.

The US of A , is again leading the world out of encrusted,
unproven, unsubstantiated, hot air balloon, economic principles,
which are even as we speak, leading the Euro lower.

What are we talking about hot air balloons when
perhaps we should be talking about balloons, filled with lead,
rapidly sinking even as we speak?

long live America!!

Bury the Euro and antiquated economic principles.

Reinvent , or rather bring back, Adam Smith,

cheers

TA

===========================================================================
Message #52935 from Haim R. Branisteanu at Jun 2, 2000 7:12 PM ET
Fleckenstein remained "writeless" this evening and Equity P/C ration is close to an all time low of 0.32.

Tea leaves readers please ........ what is next?

Haim


I say the answer is no