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

To: James Strauss who wrote (15447)	5/31/1999 3:08:00 PM
From: James F. Hopkins	Read Replies (1) \| Respond to of 99985

James; <OT> It boils down to the News Media; most of the big ones in particular operate in a conflict of interest and are no better than the snake oil sales man of the 1800s. People who would not invest in the market , are unknowingly invested via instruments they have little knowledge of, and when you try to investigate you can't get the information if your not at least connected to some one inside the loop. ------------------- If we had a fully informed public and not so much double speak I would go along with the fault is with the individual , but by and large we have such a program of brain washing going on that the average Joe can't begin to see though it till he is way up in years, ( if then ). ----------------- Jim

To: James Strauss who wrote (15447)	5/31/1999 3:30:00 PM
From: James F. Hopkins	Read Replies (1) \| Respond to of 99985

Well Back to MDA, Friday I was really alarmed at the close as Futures fell off a very steep cliff at the very last minute when program trading could not kick in. ------------------- S&P droped to 1289, and the NDX to 2064, while we closed at 1301 and 2089, this put them way below cash value and and looked very ugly for the market. ------------------ Volume is light in Frankfort today but most of the U.S. stocks are trading up in spite of that ugly fall in the futures. The Futures themself have come back a lot on Globex, last I looked was 1300, and 2085, still below the cash value but not nearly as bad, and it could fix itself by tomorrow Morning.. ( I'll be surprised if it does but I don't rule it out and the market is always doing things that surprise me, or any one else who is logical. -------------------- Bottom line is things don't look as ugly as they did at Friday's close , but they still don't look bullish. We may squeak by with a rather flat week. Jim