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


To: HairBall who wrote (6736)2/19/1999 9:39:00 PM
From: Wildstar  Read Replies (1) | Respond to of 99985
 
All,
I've updated my site charting New Highs and New Lows. I also made some additions to it. No surprise this week - the internals continue to deteriorate.

members.xoom.com



To: HairBall who wrote (6736)2/20/1999 9:32:00 AM
From: Haim R. Branisteanu  Read Replies (2) | Respond to of 99985
 
LG, from a old time FA & TA point of view the market should tank.

The New era indicators point for a strong upmove as a result of liquidity and ongoing cashflow into MM Funds.

Even with the treasuries substantial higher yield the market traded sideways.

On a relative basis interest rates are quite high. Therefore as soon as AG speaks and treasuries rise I speculate the market will explode to the upside until the next earning season which will thank selective stock and draw the market down.

Those prediction can change on a "dime" if AG indicates in his testimony that there is to much money in the system and we may thank very unseasonably <G>

BWDIK
Haim