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


To: Lucretius who wrote (13212)5/7/1999 5:12:00 PM
From: stockycd  Read Replies (1) | Respond to of 99985
 
LT,

Today left me confused. But I'll figure it out! The bond dropped further, CMGI, AMZN, AOL and other nuts continued selling. The uptrend in the TYX shows no sign of weakening. I'm gonna go out on a limb and say we test TYX 60.00 resistance next week. Equities will not be able to handle any flatness or further rise in 30 yr rates!

A lot of harami candle patterns formed today. Monday will be the day for us to tank if there is a chance. Flip a coin...

Chris



To: Lucretius who wrote (13212)5/7/1999 5:16:00 PM
From: GROUND ZERO™  Read Replies (1) | Respond to of 99985
 
The chart patterns for the stock indexes still appear bullish.....BWDIK

GZ



To: Lucretius who wrote (13212)5/9/1999 2:44:00 AM
From: Moominoid  Read Replies (1) | Respond to of 99985
 
The fall in the gold price Friday should hammer Aussie stocks on Monday as crazy or dumb foreigners dump anything Australian (not all foreigners are crazy or dumb <g> plenty of Aussies are too :)). Market already fell 50 pts Friday to below 3000 before this news came out. That was when crazy and dumb Aussies worried about a rise in American itnerest rates. Great BTD opportunity. I'm going to be buying like crazy. My broker will probably think I'm mad like when I bought into a resources fund a couple of months back.

David