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

To: American Spirit who wrote (12664)	5/3/1999 12:11:00 AM
From: Daniel Joo	Respond to of 99985

Look for the following economic reports this week. Anything that looks inflationary will spook the markets. The week's data Monday 8:30 am: Personal income & spending 10 am: NAPM 10 am: Construction spending Tuesday 10 am: Leading indicators Wednesday 10 am: Factory orders 10 am: NAPM non-manufacturing 2 pm: Beige Book Thursday 8:30 am: Jobless claims 10 am: Challenger layoffs report 4:30 pm: Money supply Friday 8:30 am: Employment 3 pm: Consumer credit Dan

To: American Spirit who wrote (12664)	5/3/1999 12:15:00 AM
From: Lee Lichterman III	Read Replies (1) \| Respond to of 99985

NASDAQ Futures are up 10 but the NASDAQ was temporarily over sold. Note the S&P futures are up only about 1. I haven't had a chance to check Gersh's market trigger numbers yet for the open to know which side that puts us on. Tomorrow is anyone's guess by looking at the daily and weekly charts but when I look at the DOW intra day chart, it looks like the bounce was a perfect fib retrace bounce and could easily nose over and continue to drop. Also note Asia started out up and is now down. Like I said, if you can stay home and babysit it it should prove a good day for daytrading and the SPOO traders but us working stiffs want a little better odds. <g> I am running scans and looking at charts now trying to get caught up. Good Luck, Lee