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

To: Debra Orlow who wrote (3309)	1/5/1999 7:35:00 PM
From: Haim R. Branisteanu	Respond to of 99985

Debra, the action of the last two days just shows it. Today no TA or fundamentals work. It is all rumor, speculation and enthusiams who drive the market. There are very few who will in seriousness admit that any acceptable yardstick works except momentum players who move with the price regardless. On the Kahuna tread I mentioned many moons ago that the only reliable indicator for a market drop is the unemployment numbers. At this valuation slow or negative employment growth will do it and then the snowball will follow as it was this summer. Sorry for a fundamental analysis. BWDIK Haim