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

To: Terry Whitman who wrote (4708)	1/26/1999 3:47:00 PM
From: John Pitera	Read Replies (1) \| Respond to of 99985

Terry, <<<It case any one cares- the CRB index has posted a new multi-year low today.Gives AG free reign to print more money -ng- >>> GOOD Point. The March T-Bond Lost very little ground today considering the big move in the US Stock mkt and the Brazilian Stock mkt.....you need lots of liquidity to conterbalance those low commodity prices. John

To: Terry Whitman who wrote (4708)	1/26/1999 4:07:00 PM
From: StockOperator	Read Replies (1) \| Respond to of 99985

Sitting in a little coffee shop in Monteray. Weather is lousy. I feel like a lost puppy without my computer and software packages. My hat goes off to anyone that can make money trading on fundamentals alone. Anyway the market looks good so far. Momentum is building. There are many things happening that could affect the markets. I saw a report the other day that referenced the President's proposal for investing part of social security monies. It was said that they are trying to determine where the monies would be best invested. They mentioned indexing. Which is scary, when you look at the multiples on the S&P. However, I was surprised when they mentioned the Wilshire 5000. Imagine how quickly the small cap market would come to life if this idea is looked at seriously. Right now of course its all talk. But definitely something to keep an eye on. Keep an eye on as many segments of the market as possible. If momentum builds through the end of the week, we may be ready for a push into higher prices. Good trading. StockOperator

To: Terry Whitman who wrote (4708)	1/26/1999 7:44:00 PM
From: Lee Lichterman III	Respond to of 99985

I haven't read the rest of the string yet but in case it doesn't get mentioned. We broke through the sharp dropping short term fork today but the indexes are up against what was prior the support line for Don's wedge which should now act as resistance. This should get interesting. I haven't had time to look hard at any charts yet though since I just got home and am updating my site. Will hopefully have something worth while to post later if it hasn't all been said already when I get through reading the rest of the posts. I still see many over bought stocks. This rally, if it is one, needs to broaden out. The few that carried it this far can't go much higher. I have my eye on a few wedges still forming in case this stalls out. Good Luck, Lee