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


To: GROUND ZERO™ who wrote (15924)6/4/1999 8:57:00 AM
From: KM  Read Replies (2) | Respond to of 99985
 
FWIW:

Instant Analysis of the Jobs Number
By James J. Cramer

6/4/99 8:49 AM ET


Higher wages, fewer jobs created? But April was revised up big. Man, the bears could spin this one negatively.

Here's my instant analysis: Give me a break. The jobs number is so weak, don't tell us now what matters is the hourly wage. What a canard.

I am buying the long bond. Right here. Right now. At 90 and change.

They tighten now; it will rally bonds. That's the best game in town


P.S. (from KM) I'm monitoring Raschke's chatroom. She's buying bonds too



To: GROUND ZERO™ who wrote (15924)6/4/1999 9:22:00 AM
From: HairBall  Read Replies (1) | Respond to of 99985
 
GZ: Well the TYX is up against the upper trend line of its rising wedge. Yields should pull back away from the trend line! Take a look at my TYX Chart.

I am still expecting the DJI and COMPX to drop back into their respective multi year rising trading channels. But I have expected a struggle as the Indices near the upper trend lines of those channels...see my Dow 30 Industrials and NASDAQ Composite charts.

You can view my charts at the MDA Web Site:

homestead.com

Regards,
LG



To: GROUND ZERO™ who wrote (15924)6/4/1999 9:44:00 AM
From: Moominoid  Read Replies (1) | Respond to of 99985
 
Well we've gone through the resistance for the last few days in SPX around 1305 and out of the bottom formation... hoping it will hold.

David