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

To: James F. Hopkins who wrote (15335)	5/29/1999 6:24:00 PM
From: Haim R. Branisteanu	Read Replies (2) \| Respond to of 99985

James I hope TYX will get to 5.25% as I am over 50% in bonds. My near term target on TYX near term is in the 5.65 to 5.75% range. BWDIK Haim BTW - buying treasury bonds lowers your buying power of stocks only by 10%.

To: James F. Hopkins who wrote (15335)	5/29/1999 8:21:00 PM
From: dclapp	Read Replies (1) \| Respond to of 99985

...<< I called her to go to 10250, I'm lowering that now to under 10000..and as low as 9250>>> great "macro" post...thanks, Jim

To: James F. Hopkins who wrote (15335)	5/29/1999 10:25:00 PM
From: Les H	Read Replies (1) \| Respond to of 99985

All the FUMBDUMS are writing bearish articles on the nets this weekend from Barron's to Bloomberg to NY Times... nytimes.com nytimes.com

To: James F. Hopkins who wrote (15335)	5/30/1999 1:56:00 PM
From: Lee Lichterman III	Read Replies (2) \| Respond to of 99985

>>I called her to go to 10250, I'm lowering that now to under 10000..and as low as 9250 << I will have to check my charts on the MDA site as I don't remember if my lines were tweeked before or after I posted them Saturday morning but I show that if the recent lows on the DOW fail we should drop to 10050 based upon two seperate trend lines. The main one is from connecting the tops of the pre-breakout period starting Sept 8th 98 then the lows of Dec 15th, Feb 10th, 1 and 4 March. This leads across to fairly firm support at 10050. There is also fairly firm SPX support around 1255 if 1275 fails. The main problem I see for forecasting this short term is we are due for a short bounce here early next week and the strength of that bounce should prove to be the key for the mid term. I went back and was bumping my chart's patterns and indicator readings with those of the recent past and saw two possible scenarios. The first is that we could hold this trading range here for a short period of time and actually challenge or slightly break our old high believe it or not. This happened a few times on patterns like we have right now. In all examples that I could find in this pattern, it resulted in the bottom falling again 6-8 weeks after the peak arrived. Since the pattern took about one month to work itself out, this would mean we top out around the end of June then drop like a rock to bottom in late July to early August. The other is we just pull the rug out right now and push the 10050 limit or lower within the next couple weeks. While my gut likes this read better, I am having problems finding which stocks will fall enbough to allow this since I am already starting to get buy signals on many of the heavy weights of the indexes and expect the BTD crowd to prop us up a little. (heck I was actually considering joining them) Regardless of time frames. If 10450 DOW or 1275 SPX fails, we drop to 10050 and 1255 and then have to re-evaluate from there. Good Luck, Lee