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

To: Moominoid who wrote (3404)1/7/1999 9:10:00 AM
From: Arik T.G.  Respond to of 99985
 
We have a bunch of negatives before the open-

-European markets down (Amsterdam down 4.5%)
-Brazil down 5%
-Rivlin tries to talk down the market
-Abey JC cuts equity allocation (from 72% to 70%, still bullish) on valuation.

Let's see how the market handles that.
If we stay over SPX 1245 then we'll continue higher. If not, maybe yesterday was a medium term top.

ATG


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