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

To: StockOperator who wrote (13005)	5/6/1999 12:54:00 AM
From: Lee Lichterman III	Read Replies (2) \| Respond to of 99985

Agreed, Fed helping to prop us up again. Is he helping us or prepping us for something he will say tomorrow by adding liquidity? Fed Adds Reserves via $4 Bill in Overnight Repurchase Agreements biz.yahoo.com Fed Buys a Billion in US Bonds Wednesday biz.yahoo.com Lee

To: StockOperator who wrote (13005)	5/6/1999 1:14:00 AM
From: Compadre	Respond to of 99985

SO: It is still early, but the NIKKEI is +411. Regards, Jaime

To: StockOperator who wrote (13005)	5/7/1999 10:58:00 AM
From: StockOperator	Read Replies (2) \| Respond to of 99985

Morning thread, Missed all the action yesterday. I did not get my positive close on the avgs like I would have liked. That in my opinion would have cemented the previous day's reversal. Not getting that positive close by itself would not be so bad as long as the individual avgs and indexes display STRENGTH throughout the trading day. Yesterday's trading in many stocks that I follow gave up almost all of those gains and incredible a stock like INTC which CLOSED on Wednesday above the ENTIRE trading range from Tuesday gave back all of those gains yesterday to close BELOW the entire daily range the day before. I hope that made sense. In a nutshell - technically INTC had a bad day. The VIX has jumped which is totally understandable considering the inflation scare. It did however set a new MONTHLY HIGH which is definitely worth noting. This by itself is telling us that a move in the VIX is at least a possibility which could imply downside action in the markets overall. So with the favorable news out today. You would expect the market to correct some of the damage done on a technical basis. If we do not get an upside push or a positive close and perhaps more importantly see stocks hit lower intra-day lows I would start getting nervous once again. Good luck trading. SO