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

To: James F. Hopkins who wrote (16109)	6/5/1999 9:46:00 AM
From: HairBall	Read Replies (2) \| Respond to of 99985

Jim: 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 ) Shucks, I believe you and I share more behind the scenes views everyday...<g> Of course, a single hike can be spun either way. RELIEF that the FED is on top of the situation or FEAR that it is only the first... AOL up on a Court Decision that went against AT&T...yeah right…the Specialist pushed the price up with a bulldozer...with a standing 100,000 share bid late in the day. That was over an 11 million dollar bid at 112, then at 115, then at 116....while only keeping in place a token 1,000 share ask. Then in an instant...a few minutes before the close...the 100K share bid just disappeared. Regards, LG

To: James F. Hopkins who wrote (16109)	6/5/1999 10:32:00 AM
From: Les H	Read Replies (2) \| Respond to of 99985

biz.yahoo.com

To: James F. Hopkins who wrote (16109)	6/5/1999 1:41:00 PM
From: Berney	Respond to of 99985

Jim, I do not disagree with you as to direction; only timing. I had my line in the sand at OEX 643. I'm now raising it to the 50 DMA with the understanding that a trading range can and will move through it like the hot knife through butter. My wife was complaining yesterday about the higher prices at the grocery store. I'll be at least neutral in front of the CPI announcement. I've lost my butt trying to anticipate these major economic events and find it is just better to react. This is about the point last year that the market made its run for the roses into the July peak. Of course, interest rate jitters may overwhelm this move. I'm just trying to stay flexible and listen to the charts, rather than talk to them. As Yogi noted -- they don't listen to me anyway. <g> Berney