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

To: pater tenebrarum who wrote (52953)	6/3/2000 12:59:00 PM
From: American Spirit	Read Replies (3) \| Respond to of 99985

Fed hikes. I'm no economist but I've heard several times that historically the Fed has only raised rates within three months of a presidential election once, many years ago. We can speculate all we want but at present the consensus about future rates hikes is neutral, that is the experts don't expect more than 1/4 if anything. I expect the Naz to probably bounce off 4000 but other sectors to do a little catching up. Small caps and retailers are particularly beaten-up mainly due to interest rate fears. Therefore I'd expect a rotational rally to continue. Of course one can't be too greedy and taking profits as we go up is adviseable in most cases. One thing we've seen a lot of lately is how the market over-reacts to both good and bad news. Over-bullishness or over-bearishness are both signs to change direction before everyone else does. Just general common sense that's all. Either that or just hold long-long term like my Dad does. He still owns the ATT break-up stocks (Baby Bells and LU) from the 50's and 60's entry prices. They're 99% profit which becomes a tax issue over a half a century. LOL

To: pater tenebrarum who wrote (52953)	6/3/2000 2:50:00 PM
From: Crimson Ghost	Read Replies (2) \| Respond to of 99985

heinz: Sentiment on the gold sites still quite bearish despite Friday's jump. After repeated failed rallies gold investors as a group are incredibly demoralized. GATA reporting rumors of major gold mergers in the near future. They also report gold miners coming under pressure from shareholders to follow OPEC and CUT PRODUCTION. The feeling is that a gold industry dominated by fewer more powerful players will be able to cut production more easily. Funny, I have been arguing this way for years. Glad to be getting some company.

To: pater tenebrarum who wrote (52953)	6/4/2000 4:22:00 PM
From: Thomas M.	Read Replies (2) \| Respond to of 99985

Great interview of Christopher Carolan: wallstreetuncut.com He says the great bull market will top in December 2001. He is forecasting a currency market event within 2 weeks of July 16, probably in the Euro. He also makes the case for lunar forces being much more powerful than planetary forces. He makes the comment that the current markets resemble the early 1970s more than the late 1920s. I've been saying for a while that the economy resembles the late 1920s more, but the markets resemble the early 1970s, so which way does it sort out? Who knows. Tom