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

To: Ditchdigger who wrote (82)	12/3/1998 7:22:00 AM
From: William H Huebl	Read Replies (2) \| Respond to of 99985

Ditchdigger, Consider this: don't turn wishful thinking into reality! Let the MARKET tell you what it wants to do. That is why I favor TA over FA stuff... you are tuned to the market that way. Bill

To: Ditchdigger who wrote (82)	12/3/1998 7:27:00 AM
From: Bonnie Morroe	Read Replies (1) \| Respond to of 99985

I am looking for the direction of the banking sector in the months of dec and jan. I'm looking to buy cci. I'm thinking puts this month or waiting til jan calls look better. any help would be greatly appreciated. thanx and happy trading Bonnie

To: Ditchdigger who wrote (82)	12/3/1998 8:25:00 AM
From: Arik T.G.	Read Replies (1) \| Respond to of 99985

DD, >>Anyone notice in the last 3 days, German DAX -9%,French CAC -8%, and the UK FTSE -6%... The European markets were far off their July highs at the recent top. They look like they've completed a bear market rally, and the 3 days sell off from the top does support this analysis. The unexpected rate cut this morning should support only a brief pull back of 1-2 days that will probably retrace only half the recent drop. >>US markets shouldn't be diverging so drastically from other major European markets(and Asian)-we are not isolated. AG said that, too. But then again, a spread between Europe (short) and large cap US technology stocks (namely- the NDX index) (long), was very profitable so far. >>Brazil having big problems The Bovespa is starting down on the 3rd leg down. After peaking in April, this market (like the Russell 2000) made only a mid term top in July, on a L.T. down trend. >>What are the fundamental reasons our markets should go higher None. But that was true since 7/97. Look over the Big Picture thread for the trickle of fundamental discussion. Mostly super bearish. If you're not familiar with my L.T. opinion - I'm a mega bear and kept the same L.T. views since Dow 8000 in 7/97. IMO it's the greatest equity bubble of the last 230 years. ATG