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

To: Zeev Hed who wrote (1916)	12/15/1998 4:44:00 PM
From: space cadet	Read Replies (1) \| Respond to of 99985

Zeev, good call on 8650. I also don't know what next week will bring, but I expect a decent enough rally to begin by the end of December. Just as the analysts always low-ball the earnings estimates so that the companies usually beat the estimates, so the mm's like to bring the market down before earnings (around the earnings warning period) so to ensure a nice market rally. And we've had less earnings warnings this period than in previous recent periods so it looks like earnings are going to be fine for the most part. I see us rallying into February. As for the "suicidal" impeachment vote I think you are off your rocker. It's a complete non-event and I can't understand the market caring about it. The impeachment will certainly die in the senate for sure, so essentially voting for impeachment is the same as voting for censure. A big nothing. Nobody will even remember this in a few months.