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

To: steve susko who wrote (15547)6/2/1999 2:24:00 AM
From: Jack T. Pearson  Read Replies (1) | Respond to of 99985
 
Summer rally? Maybe after June 21st.



To: steve susko who wrote (15547)6/2/1999 10:36:00 AM
From: donald sew  Read Replies (1) | Respond to of 99985
 
Steve,

We will get a summer rally, but I think its a bit early still. I am suspecting the summer rally to start in JULY, more towards mid-JULY in light of the 9-month cycle.

If Greenspan doesnt raise rates at the end of JUNE there should be some sort of a significant bounce but the negativity will still remain and any bounce may not be that strong.

I am also expecting a mini bounce in the next few days, since my short-term technicals are getting back near/into the oversold region, but should be limited with resistance for the SPX at 1301 and 1320.

seeya



To: steve susko who wrote (15547)6/2/1999 4:34:00 PM
From: GROUND ZERO™  Read Replies (1) | Respond to of 99985
 
We need to get the a/d back into positive territory before a solid summer rally, but if we rally from these levels after a good basing action like we've had, we could see the positive a/d sooner than later..... I'm still long from yesterday in both SP's and bonds.....

GZ


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