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Ron,
My vote for what will make the market shoot up is MONEY FLOW. Money
continuing to come into the U.S. market and mutual funds from all the 401ks
plus the new scared foreign money looking for a safe haven after the Far
East money crunch.
Jim
-----Original Message-----
From: Ron Stockstill <stocks@xxxxxxxxxx>
To: metastock-list@xxxxxxxxxxxxx <metastock-list@xxxxxxxxxxxxx>
Date: Sunday, October 26, 1997 12:48 PM
Subject: Re: Market
>>Date: Sat, 25 Oct 1997 20:35:44 -0600
>>To: Harley D Meyer <Harley.D.Meyer-2@xxxxxxxxxx>
>>From: Ron Stockstill <stocks@xxxxxxxxxx>
>>Subject: Re: Market
>>In-Reply-To: <3452557c3ac1511@xxxxxxxxxxxxxxxx>
>>
>>At 03:23 PM 10/25/97, you wrote:
>>>I would like to start a discusion about what will make the market shoot
up
>>>before the end of the year. We all have varies back grounds & it would be
>good
>>>to hear some ideas.
>>>
>>>In the back of my mind it the volume research forcast on the movement of
>the
>>>DJIA. He has been correct so far this year. I can resend the .gif if
>needed.
>>>Assuming that he is correct. What will make the market move up like a
>rocket?
>>>
>>>
>>>Harley Meyer
>>>meyer093@xxxxxxxxxx
>>>
>>>
>>>
>>>
>>
>>What will make the market shoot up towards Christmas?
>>
>>1. Lower interest rates in an economy that is not recessionary.
>>2. Strong Christmas retail sales
>>3. Strong McClellan summation index (just recently went below 3000)
>> safe market signal for the next 3 months.
>>4. Bull market is solidly intact; all major averages above respective
>> 200 day moving averages.
>>5. Yield curve downward shifted in most timeframes in today's IBD
>> which is a very positive signal.
>>6. External factors such as currency futures has hidden some of the
>> strong earnings reports from view on a temporary basis.
>>7. Improvement in sentiment indicators.
>>8. Strong US dollar as our economy will be strengthening while many
>> foreign markets are weakening.(implies foreign investment)
>
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