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

To: el paradisio who wrote (55383)	6/27/2000 11:05:00 AM
From: James Strauss	Read Replies (3) \| Respond to of 99985

el: The New Highs/New Lows on both the NYSE and Nasdaq show a drying up of the New Lows... finance.yahoo.com I think we are in a win win situation whether the FED goes Neutral or goes with a 1/4 point hike because the numbers are beginning to show that the first three or four rate hikes are having an impact the economy... That leaves the 5th and 6th rate hikes to yet take a bite out of the economy... If the FED truly wants to engineer a Soft Landing they'll err on the side of caution this meeting, or at worst, make this hike the last one... Since all this is already known by the market we move ahead... The rising bottoms on the NDX are very bullish... bigcharts.com Jim