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

To: Tom Pulley who wrote (83553)	12/14/2002 7:17:09 PM
From: ru2	Respond to of 99985

My opinion though (and we all know what they say about opinions)(g) is that the bad news is factored in and just a little good news could give us a strong market in 2003. ========================================================== After a break to new lows and some serious panic and some Grizzzzly Rydex numbers I would agree with this. UNtil then I dawn thing so. I think at this stage there is a whole lot of denial going on. I am not so sure the PPT is losing its control of things. I think things like the situation in Venezuala loom larger than many think. The riots and shootings Last week were timed with gold moving over the $330 mark. The U.S. media is really downplaying this IMO. I think the next leg down will be about factoring in all the bad news <G> R

To: Tom Pulley who wrote (83553)	12/15/2002 5:57:24 PM
From: Doug	Read Replies (2) \| Respond to of 99985

Tom: The market is extremely nervous. We should have seen a climax selling for investors to say "its is near valuation". I believe such a climax selling may be on its way. It appears that the Adminstration is betting that if they can provide a steady oil flow at $15/barrel, they will be guaranteed another term. Such a policy has very serious long term geo-political ramifications that have not been sensibly evaluated. Good luck.!