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

To: Tunica Albuginea who wrote (55445)	6/27/2000 11:14:00 AM
From: Stephen	Read Replies (1) \| Respond to of 99985

Why not rally now ... ?? Well ... there are times to be cautious and with earnings warning period upon us, I won't be holding positions at end of day. Anyway, there is traditionally a 'rest' period between the summer tech rise... and despite the ramping-up of the market yesterday (normally I would have gone short based upon my intradays) ... , I see no reason why the market won't retreat on profit taking once qtr end & the FOMC meeting is out of the way. JMHO FWIW.. as many expect it to take-off after the meeting. We'll see. Stephen

To: Tunica Albuginea who wrote (55445)	6/27/2000 12:04:00 PM
From: Les H	Read Replies (2) \| Respond to of 99985

Most expected a rally on the PPI and CPI reports also. They even ramped up into those reports. The public has caught onto to those patterns, and they may not work this time either in the form of a rally off of the Fed. The next positive pattern would be the end of month and the holiday pattern.

To: Tunica Albuginea who wrote (55445)	6/27/2000 1:25:00 PM
From: Jon Tara	Read Replies (2) \| Respond to of 99985

Tunica, try and RENT a house or apartment here in San Diego. GOOD LUCK! A friend bought a condo in a not-so-good area 6 months ago for $150,000. He just listed it at $250,000. Indications are that he will get what he is asking. Unemployment here is 2%. And that's with an ample supply of illegal Mexican workers. The housing supply here is severely constrained. (Although the largest single housing development in U.S. history is now underway in the South Bay area.) Maybe it is a local distortion, but what I am seeing is completely consistent with the statistics.