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

To: Berney who wrote (16075)	6/5/1999 12:09:00 AM
From: Vitas	Read Replies (1) \| Respond to of 99985

Hi Berney, the last time market bell weather GE significantly diverged from the market, when it did not confirm the May highs, was October 1997 jack be nimble, jack be quick, jack set stops real tight. Vitas

To: Berney who wrote (16075)	6/5/1999 12:23:00 AM
From: Gersh Avery	Read Replies (2) \| Respond to of 99985

Hi Berney .. I expect INTC to peak at ~62.5 on 6/11 near the close. Whatever the price is that day you would probably want to move out of it then. Might even be a good day to buy puts on it. 'Till then .. have a nice ride .. Gersh

To: Berney who wrote (16075)	6/5/1999 9:05:00 AM
From: James F. Hopkins	Read Replies (4) \| Respond to of 99985

Hi Berney; I do and have seen some bullish indications in several areas, it's been real odd. While I'm net short I'm also holding a tight spread with the cover part & normal volatility lets me unwind as long as I don't get greedy. I just can't make a bullish case until the crossed swords fix , we know rates are going up, I've heard that is already priced in but I don't agree. It could take more time than I think, but we will kiss the 200 DMA before this works itself out. When major indexes have a Gap they always fill, the gap is the result of market manipulation not supply and demand. I always suspect highs and lows if they happen on low volume, it's easier for the specialist and market makers to manipulate prices when volume is low. Now that the OEX has made it above it's 50 DMA it's critical that it don't fall below it again. If you hear such garbage as profit taking out of CNBC on a down day this week then you will know they are full of sheet as there is no way profit taking of the type they hype can kick in until we make a new high. Almost always when we have this much of a correction it don't resolve itself at less than 10% so I still think we see 9900 on the Dow. ( But that does not mean a bear market ) we keep getting up knee jerks on higher oil prices and that is insane. Making the oil Mongols rich because they rig the prices and create artificial shortages is always at the expense of global commerce it's like a hidden Tax on free trade , while it takes a while to work it's way into the system it always comes back to bite us on the arse. The Fed is not only corrupt it's short sighted as well, the last rate cut was to much , they focus on labor but I have myself done research on logistics and I tell you the price of crude is a bigger factor by far to over all cost than labor is. If CreemSpam was as smart as he thinks he is he would have seen that years ago. BTW the resignation of Alice from the Fed is fluffed off by many as she is just moving on. She won't ever say anything as that's against the code but people with eyes to see know actions speak and she resigned without notice , that's always in protest even if it's not verbal. The rate hike is not only a sure thing it could come predate and in a way to catch speculators off guard. ( as per CreemSpans yardsticks ) Jim