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


To: pater tenebrarum who wrote (13397)5/10/1999 10:09:00 AM
From: Moominoid  Read Replies (1) | Respond to of 99985
 
My own technical analysis (time series and various BBs etc.) would mean that this type of blowoff would precipitate a crash. Otherwise currently it would be difficult for that to happen. The way the SPX has been moving this year at roughly the average growth rate since 94 means that this isn't so likely. The widening breadth looks good to me too. Interest rates are the main worry I think, but I think they head back for a short while at least. Commodity prices still haven't risen enough to casue a major problem IMO. I can't see gold rallying with all the Central Banks waiting to sell the rally.

David