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


To: pater tenebrarum who wrote (15669)6/2/1999 8:48:00 PM
From: KM  Read Replies (1) | Respond to of 99985
 
The MarketVane bullish concensus readings on the stock market from a futures perspective still were dropping as of last week, although not yet into overwhelming bearishness. You can judge for yourself whether the futures-oriented traders represent smart money, dumb money, or average money. Sorry about the formatting on this.

The weekly readings, as of May 25:

Weekly Last 12-Month High 12-Month Low

Stock Market 38 44 76 22
T Bonds 31 28 90 28
T Bills 19 17 96 17
Eurodollar 26 24 90 19
Gold 21 28 61 15
Silver 32 41 84 13
Platinum 48 45 91 8
Copper 29 36 60 3
J. Yen 37 36 89 2
D. Mark 15 20 92 6
S. Franc 15 17 93 3
B. Pound 14 26 93 10
C. Dollar 67 69 78 2
Dol. Index 79 71 97 7
Crude Oil 48 53 70 3
Heating Oil 34 38 66 3
Unleaded Gas 42 53 78 3
Soybeans 12 18 57 4
Bean Oil 8 11 95 4
Bean Meal 8 9 52 3
Corn 12 16 65 4
Wheat 8 15 46 2
Oats 21 25 34 3
Cattle 41 44 65 2
Fdr. Cattle 42 38 66 2
Hogs 57 65 78 3
Bellies 41 50 93 5
Sugar 19 19 53 2
Cocoa 2 5 81 2
Coffee 57 48 83 5
FCOJ 17 18 95 9
Cotton 3 5 92 3
Lumber 64 72 93 3

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To: pater tenebrarum who wrote (15669)6/2/1999 8:49:00 PM
From: Jack of All Trades  Read Replies (1) | Respond to of 99985
 
hb,

What's your thought of sideline cash??? Also, where do you see major support on the major indicies??

If we fall hard I would look for no less than 9K on the DJ30. This would give us a 20% decline off the 5/13 high...

Jeff