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


To: UnBelievable who wrote (53504)6/9/2000 8:40:00 AM
From: Softechie  Read Replies (1) | Respond to of 99985
 
Here we go on a blowout today. Fleckenstein will definitely say something like PPI number is cooked today.



To: UnBelievable who wrote (53504)6/9/2000 8:43:00 AM
From: flatsville  Read Replies (1) | Respond to of 99985
 
What? What is this cr@p?!

>>>The Labor Department attributed the stability in overall producer prices in May to declining energy prices, which account for 14% of the index. Energy prices fell 0.5% in May after a 4.1% decline in April. Residential electricity prices declined 0.5% after a 0.2% gain in April. But gasoline prices rose 1.3%, rebounding from an 11.7% drop in April.<<<

They cooked this no. good. Baked and broiled to perfection.



To: UnBelievable who wrote (53504)6/9/2000 8:45:00 AM
From: Les H  Respond to of 99985
 
This is one of the few reports where the street didn't seem to know which direction to ramp the market prior to the report. Usually, the last hour of the day before shows a large move in the direction of the expected spin of the report. Hopefully, a good rally today and on Monday on the recent mixed breadth and my AIQ market log will move toward an intermediate-term strong sell by early next week.