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

To: HairBall who wrote (1269)	12/10/1998 9:46:00 PM
From: SE	Read Replies (1) \| Respond to of 99985

LG, My read for tommorrow.... Here is what I see for tomorrow. I pop up in the morning, maybe till noon time to resolve some bullish short term divergences that have krept into the picture. The pop might only last till 10 or 11 cst. Then back to the downside. This goose is cooked. I thought that a few days ago, and I think so even more now. I do not see tomorrow ending higher or even trending higher all day, just higher in the am. If we can climb back to 1174/1175 SPX, it will be time to short.

To: HairBall who wrote (1269)	12/10/1998 9:48:00 PM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 99985

It is a big puzzle and I hope he will be sent home. As a result Gore will come to power and the markets will slide. The dollar will slide to as the Euro will start to be the competition to the currency of choice, and will take the market down. There are about one trillion US dollars overseas in mattresses which help finance the US debt, as no interest is paid. The Euro will change that and accelerate the devaluation of the dollar. I also anticipate some sort of friction in the ME, first there are infights with in the Saudis regarding their power transition and Arafat will play his dumb pocker card and declare a state which in return will trigger war. Just today I discussed the issue with a High Yield MD at on of the WS houses. He is looking at oil service company to collect some beaten down situation. As usual we did not agree to the timing of the final bottom. But it is 1973 all over again. All oil interest in the US and all over the world, will drive to unrest to solve the accute problems of low oil prices. aside from ME, Russia, Venezuela, Nigeria China will all benefit from higher oil prices and save their day. Which in turn will bring inflation BWDIK Haim