Click image for
site Information
The
Money Machine
News Index -- Get the Whole Story
Active News
Global Markets; Market ! 
1/5/1998
paper money page
GO
TO CURRENT UPDATES
- The
Best short term timer & Financial
Weather
Report
-
The
NEWS
before
it
happens
FOR reporters: Please site "wiredbrain" reports that
the
market for:
Current posts
Continued on - please let me know about errors ! Some of these pages date back up to 10 years ( 1992 ) and have been through many editors and transfers. News about what's happening and for updates use GlobalVillage Excite NewsSearch -
pfpfpfpflaump@cfl.rr.comhttp://www.wiredbrain.net/
Continued on - please let me know about errors ! Some of these pages date back up to 10 years ( 1992 ) and have been through many editors and transfers. News about what's happening and for updates use GlobalVillage Excite NewsSearch -
ppppflaump@cfl.rr.com - http://www.wiredbrain.net/
post.htm
political initiative
social political issues.htm
The go get them firms
The next post PC technologies
The next great technologies
salestax
educational reform
communications technology
The next companies & technologies
http://www.wiredbrain.net/NEXUM.htm
http://www.wiredbrain.net/nano.htm
High Speed Internet by Soliton
disintermedation Last updated on March 20,
1999 DOWN
40 or 50 to 1050
the short term is well into over bought
conditions
The possibility of Indonesian political stability also boosted European
equities. Frankfurt gained nearly two percent to hit a closing peak and
London and Paris ended with gains of about one percent.
MONDAY, May 19 (Reuters) - European stocks perked up on Tuesday as
sentiment spread that U.S. interest rates would not rise and investors
saw some prospects of a return to stability in Indonesia.
In currencies, the yen bounced back from a 6-1/2 year low against
the dollar in early trade as President Suharto promised to call elections
after rioting and looting left hundreds dead in Indonesia.
---------------------------------------------------------------
MARKET PRICES AT 0942 GMT
Mark 1.7833/38 Yen 135.91/01 Sterling 1.6252/62
Gold $299.00/9.50 -1.05 (pvs PM fix) Brent $14.31 -0.15
FTSE 100 5873.6 +47.4 CAC 3970.77 +25.46 X-DAX
5386.06 +42.40
---------------------------------------------------------------
London, Frankfurt and Paris all made hefty gains in opening transactions,
in marked contrast to the pounding they took on Monday with investors jittery
over U.S. interest rates and the Indonesia crisis.
London climbed 0.8 percent, with the added boost of a batch of healthy
company news. ``We've had a steep fall and
everything feels more comfortable this morning,'' said one dealer.
MONDAY
LONDON, May 18 (Reuters) - European bourses slipped on Monday amid worries
about U.S. interest rates, the crisis in
Indonesia and expectations of another choppy session from Wall Street.
By mid-session, London, Europe's largest stock market was down 1.13
percent while Paris fell 1.3 percent and Frankfurt
dipped by 1.11 percent.
---------------------------------------------------------------
MARKET PRICES AT 1124 GMT
Mark 1.7869/72 Yen 135.55/60 Sterling 1.6202/12
Gold $299.70/0.20 -0.94 (pvs PM fix) Brent $14.35 -0.05
FTSE 100 5849.1 -68.7 CAC 3937.31 -53.40 X-DAX
5349.03 -65.28
---------------------------------------------------------------
European equity dealers said increased concern over U.S. interest rates
ahead of Tuesday's meeting of the U.S. Federal Open
Market Committee (FOMC) were wounding sentiment even though most analysts
expect rates to remain on hold.
Concerns over hi-tech stocks also suggested a weaker Dow open after
Microsoft's (MSFT - news) talks with the U.S.
government collapsed at the weekend, making it more likely that a massive
anti-trust suit would be filed against it.
07:35 U.S. DOLLAR AT 6-YEAR HIGH AGAINST YEN AT 135.55 YEN/DOLLAR.
07:23 U.S. 30-YR TREASURY 5.964%.
07:22 CRUDE OIL (NIGHT) 14.44 UP 3 CENTS, +0.2%.
07:21 GERMAN DMARK 1.7872 UP 0.0042, OR 0.2%.
07:21 BRITISH POUND 1.6195 DOWN 0.0079, OR -0.5%.
07:21 JAPAN YEN 135.55 UP 0.8, OR 0.7%.
07:19 LEADERS OF INDONESIAN PARLIAMENT EXPECTED TO ASK SUHARTO
TO STEP DOWN.
07:19 GERMANY DAX MARKET 5364.21 DOWN 28.93, OR -0.54%.
07:19 FRANCE CAC 40 3945.86 DOWN 44.37, OR 1.1%.
07:19 LONDON FT 100 5850.4 DOWN 67.4, OR 1.1%.
E-MINI cash
less
price
of premium
= CASH
Wiredbrain's Index Summary,
=
*-4.50
Technologies
DOWN in an UP market, interest drifting up, dollar down, Asia markets down
- Europe strong but off tops, and gold and oil up
Technologies
2X market
IXCO SOX
MSH PSE NDX 2X market
Pause in
Asian's
FLAT and Europe's down from record high ( US Germany France London
)
Dollar falls over 3 yen on aggressive intervention
---------------------------------------------------------------
Stocks, dollar active ( up again)
and bonds drifting down;
Asia mixed down, Europe down
from new highs:
bonds at
5.89
%
bonds
DOWN interest UP well off lows of 5.65 and off high of
6.2 on money supply, oil prices near $16 Gold at $310
Currencies
(dollar)
UP
, from rally in a tight range in a
Negative FX market - (on scale from -15
to +15).
GO TO CURRENT
UPDATES
Bottom Line:
Market is unstable at top of wave and expected to be
UP and DOWN. Starrting in Nov. Good news on main street was no longer bad
news on Wall street. Rapid growth did not require higher interest rates
and lower stock prices. Now is bad news on main street and in Asia good
for stocks or not ?
GO TO CURRENT UPDATES
Contrariness:
Markets do react to expectations.
They are reflective of the popular
mood. BUT they also are quite contrary. When the mood is positive,
greedy enough they turn down. When they are gloomy, fearful enough they
turn up.
The reason for this are a side effect of the pattern of information
transfer, not everyone is in the same "time zone".
The hard core traders,
tied to 24 hour computer screens, come first, then professional fund managers,
then general broker community, the professional press, the general
press, the interested investor, the news magazines, the general public
comes last. Now the gold and oil prices are up, showing certain skepticism,
so are short sales and put volumes.
The strong dollar is partly due
to flight to quality.
It is strange and interesting that earning have
such a strong impact when the valuations are so much out of line. At P/E
of 25 + what does it matter if it's 22 or 27 ?
The traditional value is
about 20 based on earning, with a inflation and earning forecast correction.
Growth is almost always due to technology and the opening of new
territories. From the cotton and wool production of the 18th century, to
railroads in the 19th, to automobiles and electric services and communications
in the 20th, to computer networks in the 21st, technology opens new markets,
products and services.
The current boom is due to computer technology IT
( information technology ) and the expansion of global markets. This leads
to growth in jobs and incomes, which then is spent on houses, cars and
investments.
The expansion of secondary markets causes a second wave, then
a third.
The first wave is dying, but we are carried forward on the second
and third.
The multiplier effect expands investment faster than demand
until there is an over supply and a contraction sets in. This was true
in textiles, in railroads, in communications, and in computers.
The contraction
reduces demand, cuts jobs and incomes, and sets off a wave down. Thus it
is in Asia including Japan. So the waters get choppy and confused.
The next wave is integration of satellite communications and utility
communications devices that encourage network systems of supply and demand.
Providers are connected to users by linkages which bypass the traditional
middle people.
The great pretender:
One of the troubles with long marriages is it gets hard to pretend.
We all spend most of our lives pretending to know what we don’t know, doing
what we can’t do, and being what we don’t want to be. We live up to others
expectations that don’t fit. We are wearing the Emperor’s New Clothes,
and can only hope that no one will notice their transparency.
Financial markets are the great pretenders. It’s all a hall of blue
smoke and mirrors.
The actors, great and small, all have to pretend they
know what is going on, have to appear confident of their knowledge of the
unknowable, have to put up a brave front and live up to impossible expectations.
After all the worlds financial community is built on a fragile faith that
the future will be as the present, what has worked will work, and what
appears to be real is real.
The future will not be the same as the present,
what works now will not work then, and appearances are not what they seem.
A few brave souls are willing to look at the "really" real, those
shadows of reality behind mirrors. It maybe another illusion of a different
form and type, with another "reality" lurking in the background. As the
hero moves around among the shadows of new realities, heroes grow beyond
their own pretentious and take on some of the qualities of more stable
realities. If they really get married to the reality of day to day life
they know that this is all there is, shadows are cosmic jokes.
Einstein did not what to believe in quantum theory, for a long time,
because the said " nature does not play jokes or try to trick us." He believed
in the wonderful illusion of an orderly universe, with a final pattern
and cause, a universal field theory. He was wrong about a steady state
universe, and overly pretentious that reality needed to match his hopes
for order. Einstein described a reality where time and space curve.
This is not a ordinary perception. You can see what I mean about
a hall of mirrors where realities lurk one behind another.
http://www.businesswire.com/
OIL
INDEX -
OIL
UP and down
Markets
AHEAD TODAY:
GO TO CURRENT
UPDATES
LINKS: all the major connections
Invest-O-Rama!
-
TODAY'S
TRADE :
DJIA DJ
INDUSTRIAL (REU:^DJI)
http://cboe.pcquote.com/cgi-bin/cboeget.exe?TICKER=.DJXQJ++++++
buy at 1 5/8 sell at 2 1/2 DOW JONES INDUSTRIAL
AVG
2 1/ 2 + 5/16 : PUT PRICE CHANGE
PREV.CLOSE VOL SYMBOL OPTION NAME
MAY 88 2 3/8 1/2 2 1/4 2 3/4 DJXQJ DOW JONES INDUSTRIAL
AVG
APR 87 1 1/4 1/2 1 1/8 1 3/8 DJXPI DOW JONES INDUSTRIAL
AVG
APR 88 1 3/8 1/8 1 3/8 1 1/2 DJXPJ DOW JONES INDUSTRIAL
AV
MSQQR
MSFT May8 90.0 PUT, Microsoft shares at $90.
08:31 MONTHLY TRADE GAP HIGHEST
SINCE SERIES BEGAN IN 1992.
Last week and Monday:
NKE NIKE INC CL 'B' 45 3/4 Closing Prices.
APR 45 N/C N/C 2 5/8 0 NKEDI NIKE INC CL B
GO TO CURRENT UPDATES
FUTURES
MARKET
"
The U.S. chip industry has become the leading contributor to the
nation's gross domestic product among all manufacturing sectors,"
Follow
the $SOX
"
The evidence in
this
study is indisputable.
The tiny microchip has done more to create jobs,
increase incomes, generate economic growth and add value to other products
than any product in America," calling semiconductors, "the railroads, automobile,
telecommunications or crude oil of the Information Age."
How future will close
``
There's still some end-of-quarter window-dressing going on and if we're
heading for a big correction it won't be until then (the end of the quarter),''
said one dealer.
The settlement date for most trading was last week
- many last minute trades are not recorded in this quarter but next.
FREE
FORECAST AND ADVICE
S&P 500 index
The expected values of the index are 1093 and 1109
for April 17 and May 15
.
Interest rates - 5.61 % LIBOR MAY98
94.39
30Y 5.79 %
NOON
Moneynet
WIREDBRAIN'S
PORTFOLIO Wiredbrain high at 200 now185
50% to 65 % gains in less than 4 months ( up from 20 % a few weeks
ago )
Also my.yahoo.com user "wiredbrain" password "synergy"
http://www.bloomberg.com/markets/america.html
There is a need to
check
for last minute changes
CME
Alternative
site http://www.geocities.com/Yosemite/Trails/4333/flash.htm
News and
analysis GO TO
Money pages first
forecast.htm,
then
conditions.htm
Main
page Flash.htm
GO TO CURRENT UPDATES
FORMULA:
FROM +9.5 to -9.5
(
Confidence
)
The higher the WI score
the higher the probability of being right.
The wiredbrain index
(WI) score is close to points on the S&P500 but are not points but
the summation vector on the strength of
different market forces.
Infoseek
search
Confidence levels: (+ or - numbers -) (WI * 3.25)
+ 50 = Confidence % 3.5 * 3.25 +50 = 61.475 %
0 = 50 % ( 50/50 ) 3.5 = 61.5 % 5.5 = 67.875
% 6.5 = 71.125 % 7.5 = 74.375 % 10 = 82.5 % 15 = 90 % 15 +
= 95 %
Reports of weaker profits, dollar and bonds, due to
trade imbalances increased by relative prices, oil imports, and productivity
are beginning to show up a little.
The further unwinding of the flight
to quality forced sales of US bonds causing higher interest, a weaker
dollar, because of declines in exports, slower growth and reduced profits
and higher costs of skilled labor.
08:31 MONTHLY TRADE GAP HIGHEST SINCE
SERIES BEGAN IN 1992.
Increased imports and lower exports are reflections
of high domestic production costs vs. lower cost of imports. Europe and
Japan benefit/costs more from the lower oil prices.
Basic
faults in public policy and process undermine the US's international economic
position.
Asia ex Japan - will have the best net return over
the next 3 months as China does now, : remarkable
Global Momentum continues- More demand for stocks than supply will drive
up under priced foreign markets - High somewhere around S&P500 at 1070,
GOING
DOWN GOING UP look at this....
LINKS:
all the major connections
Support
Level key 200 day low now near old high of 985.
YAHOO MARKETS
WIREDBRAIN'S
PORTFOLIO
After-noon top of wave look to
go short IF and only if and when Technology
turns
down
Technologies
NEWS & INDEX
SAFE TRADE UP or hold long on
three or more * and + 6.5 index enter on UP target S&P500 1125
SAFE TRADE DOWN down or hold
on three or more *: enter on three or more - 6.5 WI ( index) down target
S&P500 955
Follow
the $SOX often up or down twice as much as market
MORGAN
STANLEY HI TECH 35 ($MSH) and the
NDX
If the
NDX
goes down ( it's going with the
$SOX
):
TRADE-
at 10:30 AM -
INDEX
PAGE made by AltaVista, enter "wiredbrain" to update
Click image for
site Information
The
Money Machine
News Index -- Get the Whole Story
Active News
Global Markets; Market ! 1/5/1998
paper money page
GO
TO CURRENT UPDATES
- The
Best short term timer & Financial
Weather
Report
-
The
NEWS
before
it
happens
FOR reporters: Please site "wiredbrain" reports that
the
market for:
Current posts
Continued on - please let me know about errors ! Some of these pages date back up to 10 years ( 1992 ) and have been through many editors and transfers. News about what's happening and for updates use GlobalVillage Excite NewsSearch -
pfpfpfpflaump@cfl.rr.comhttp://www.wiredbrain.net/
Continued on - please let me know about errors ! Some of these pages date back up to 10 years ( 1992 ) and have been through many editors and transfers. News about what's happening and for updates use GlobalVillage Excite NewsSearch -
ppppflaump@cfl.rr.com - http://www.wiredbrain.net/
post.htm
political initiative
social political issues.htm
The go get them firms
The next post PC technologies
The next great technologies
salestax
educational reform
communications technology
The next companies & technologies
http://www.wiredbrain.net/NEXUM.htm
http://www.wiredbrain.net/nano.htm
High Speed Internet by Soliton
disintermedation Last updated on March 20,
1999 DOWN
40 or 50 to 1050
the short term is well into over bought
conditions
The possibility of Indonesian political stability also boosted European
equities. Frankfurt gained nearly two percent to hit a closing peak and
London and Paris ended with gains of about one percent.
MONDAY, May 19 (Reuters) - European stocks perked up on Tuesday as
sentiment spread that U.S. interest rates would not rise and investors
saw some prospects of a return to stability in Indonesia.
In currencies, the yen bounced back from a 6-1/2 year low against
the dollar in early trade as President Suharto promised to call elections
after rioting and looting left hundreds dead in Indonesia.
---------------------------------------------------------------
MARKET PRICES AT 0942 GMT
Mark 1.7833/38 Yen 135.91/01 Sterling 1.6252/62
Gold $299.00/9.50 -1.05 (pvs PM fix) Brent $14.31 -0.15
FTSE 100 5873.6 +47.4 CAC 3970.77 +25.46 X-DAX
5386.06 +42.40
---------------------------------------------------------------
London, Frankfurt and Paris all made hefty gains in opening transactions,
in marked contrast to the pounding they took on Monday with investors jittery
over U.S. interest rates and the Indonesia crisis.
London climbed 0.8 percent, with the added boost of a batch of healthy
company news. ``We've had a steep fall and
everything feels more comfortable this morning,'' said one dealer.
MONDAY
LONDON, May 18 (Reuters) - European bourses slipped on Monday amid worries
about U.S. interest rates, the crisis in
Indonesia and expectations of another choppy session from Wall Street.
By mid-session, London, Europe's largest stock market was down 1.13
percent while Paris fell 1.3 percent and Frankfurt
dipped by 1.11 percent.
---------------------------------------------------------------
MARKET PRICES AT 1124 GMT
Mark 1.7869/72 Yen 135.55/60 Sterling 1.6202/12
Gold $299.70/0.20 -0.94 (pvs PM fix) Brent $14.35 -0.05
FTSE 100 5849.1 -68.7 CAC 3937.31 -53.40 X-DAX
5349.03 -65.28
---------------------------------------------------------------
European equity dealers said increased concern over U.S. interest rates
ahead of Tuesday's meeting of the U.S. Federal Open
Market Committee (FOMC) were wounding sentiment even though most analysts
expect rates to remain on hold.
Concerns over hi-tech stocks also suggested a weaker Dow open after
Microsoft's (MSFT - news) talks with the U.S.
government collapsed at the weekend, making it more likely that a massive
anti-trust suit would be filed against it.
07:35 U.S. DOLLAR AT 6-YEAR HIGH AGAINST YEN AT 135.55 YEN/DOLLAR.
07:23 U.S. 30-YR TREASURY 5.964%.
07:22 CRUDE OIL (NIGHT) 14.44 UP 3 CENTS, +0.2%.
07:21 GERMAN DMARK 1.7872 UP 0.0042, OR 0.2%.
07:21 BRITISH POUND 1.6195 DOWN 0.0079, OR -0.5%.
07:21 JAPAN YEN 135.55 UP 0.8, OR 0.7%.
07:19 LEADERS OF INDONESIAN PARLIAMENT EXPECTED TO ASK SUHARTO
TO STEP DOWN.
07:19 GERMANY DAX MARKET 5364.21 DOWN 28.93, OR -0.54%.
07:19 FRANCE CAC 40 3945.86 DOWN 44.37, OR 1.1%.
07:19 LONDON FT 100 5850.4 DOWN 67.4, OR 1.1%.
E-MINI cash
less
price
of premium
= CASH
Wiredbrain's Index Summary,
=
*-4.50
Technologies
DOWN in an UP market, interest drifting up, dollar down, Asia markets down
- Europe strong but off tops, and gold and oil up
Technologies
2X market
IXCO SOX
MSH PSE NDX 2X market
Pause in
Asian's
FLAT and Europe's down from record high ( US Germany France London
)
Dollar falls over 3 yen on aggressive intervention
---------------------------------------------------------------
Stocks, dollar active ( up again)
and bonds drifting down;
Asia mixed down, Europe down
from new highs:
bonds at
5.89
%
bonds
DOWN interest UP well off lows of 5.65 and off high of
6.2 on money supply, oil prices near $16 Gold at $310
Currencies
(dollar)
UP
, from rally in a tight range in a
Negative FX market - (on scale from -15
to +15).
GO TO CURRENT
UPDATES
Bottom Line:
Market is unstable at top of wave and expected to be
UP and DOWN. Starrting in Nov. Good news on main street was no longer bad
news on Wall street. Rapid growth did not require higher interest rates
and lower stock prices. Now is bad news on main street and in Asia good
for stocks or not ?
GO TO CURRENT UPDATES
Contrariness:
Markets do react to expectations.
They are reflective of the popular
mood. BUT they also are quite contrary. When the mood is positive,
greedy enough they turn down. When they are gloomy, fearful enough they
turn up.
The reason for this are a side effect of the pattern of information
transfer, not everyone is in the same "time zone".
The hard core traders,
tied to 24 hour computer screens, come first, then professional fund managers,
then general broker community, the professional press, the general
press, the interested investor, the news magazines, the general public
comes last. Now the gold and oil prices are up, showing certain skepticism,
so are short sales and put volumes.
The strong dollar is partly due
to flight to quality.
It is strange and interesting that earning have
such a strong impact when the valuations are so much out of line. At P/E
of 25 + what does it matter if it's 22 or 27 ?
The traditional value is
about 20 based on earning, with a inflation and earning forecast correction.
Growth is almost always due to technology and the opening of new
territories. From the cotton and wool production of the 18th century, to
railroads in the 19th, to automobiles and electric services and communications
in the 20th, to computer networks in the 21st, technology opens new markets,
products and services.
The current boom is due to computer technology IT
( information technology ) and the expansion of global markets. This leads
to growth in jobs and incomes, which then is spent on houses, cars and
investments.
The expansion of secondary markets causes a second wave, then
a third.
The first wave is dying, but we are carried forward on the second
and third.
The multiplier effect expands investment faster than demand
until there is an over supply and a contraction sets in. This was true
in textiles, in railroads, in communications, and in computers.
The contraction
reduces demand, cuts jobs and incomes, and sets off a wave down. Thus it
is in Asia including Japan. So the waters get choppy and confused.
The next wave is integration of satellite communications and utility
communications devices that encourage network systems of supply and demand.
Providers are connected to users by linkages which bypass the traditional
middle people.
The great pretender:
One of the troubles with long marriages is it gets hard to pretend.
We all spend most of our lives pretending to know what we don’t know, doing
what we can’t do, and being what we don’t want to be. We live up to others
expectations that don’t fit. We are wearing the Emperor’s New Clothes,
and can only hope that no one will notice their transparency.
Financial markets are the great pretenders. It’s all a hall of blue
smoke and mirrors.
The actors, great and small, all have to pretend they
know what is going on, have to appear confident of their knowledge of the
unknowable, have to put up a brave front and live up to impossible expectations.
After all the worlds financial community is built on a fragile faith that
the future will be as the present, what has worked will work, and what
appears to be real is real.
The future will not be the same as the present,
what works now will not work then, and appearances are not what they seem.
A few brave souls are willing to look at the "really" real, those
shadows of reality behind mirrors. It maybe another illusion of a different
form and type, with another "reality" lurking in the background. As the
hero moves around among the shadows of new realities, heroes grow beyond
their own pretentious and take on some of the qualities of more stable
realities. If they really get married to the reality of day to day life
they know that this is all there is, shadows are cosmic jokes.
Einstein did not what to believe in quantum theory, for a long time,
because the said " nature does not play jokes or try to trick us." He believed
in the wonderful illusion of an orderly universe, with a final pattern
and cause, a universal field theory. He was wrong about a steady state
universe, and overly pretentious that reality needed to match his hopes
for order. Einstein described a reality where time and space curve.
This is not a ordinary perception. You can see what I mean about
a hall of mirrors where realities lurk one behind another.
http://www.businesswire.com/
OIL
INDEX -
OIL
UP and down
Markets
AHEAD TODAY:
GO TO CURRENT
UPDATES
LINKS: all the major connections
Invest-O-Rama!
-
TODAY'S
TRADE :
DJIA DJ
INDUSTRIAL (REU:^DJI)
http://cboe.pcquote.com/cgi-bin/cboeget.exe?TICKER=.DJXQJ++++++
buy at 1 5/8 sell at 2 1/2 DOW JONES INDUSTRIAL
AVG
2 1/ 2 + 5/16 : PUT PRICE CHANGE
PREV.CLOSE VOL SYMBOL OPTION NAME
MAY 88 2 3/8 1/2 2 1/4 2 3/4 DJXQJ DOW JONES INDUSTRIAL
AVG
APR 87 1 1/4 1/2 1 1/8 1 3/8 DJXPI DOW JONES INDUSTRIAL
AVG
APR 88 1 3/8 1/8 1 3/8 1 1/2 DJXPJ DOW JONES INDUSTRIAL
AV
MSQQR
MSFT May8 90.0 PUT, Microsoft shares at $90.
08:31 MONTHLY TRADE GAP HIGHEST
SINCE SERIES BEGAN IN 1992.
Last week and Monday:
NKE NIKE INC CL 'B' 45 3/4 Closing Prices.
APR 45 N/C N/C 2 5/8 0 NKEDI NIKE INC CL B
GO TO CURRENT UPDATES
FUTURES
MARKET
"
The U.S. chip industry has become the leading contributor to the
nation's gross domestic product among all manufacturing sectors,"
Follow
the $SOX
"
The evidence in
this
study is indisputable.
The tiny microchip has done more to create jobs,
increase incomes, generate economic growth and add value to other products
than any product in America," calling semiconductors, "the railroads, automobile,
telecommunications or crude oil of the Information Age."
How future will close
``
There's still some end-of-quarter window-dressing going on and if we're
heading for a big correction it won't be until then (the end of the quarter),''
said one dealer.
The settlement date for most trading was last week
- many last minute trades are not recorded in this quarter but next.
FREE
FORECAST AND ADVICE
S&P 500 index
The expected values of the index are 1093 and 1109
for April 17 and May 15
.
Interest rates - 5.61 % LIBOR MAY98
94.39
30Y 5.79 %
NOON
Moneynet
WIREDBRAIN'S
PORTFOLIO Wiredbrain high at 200 now185
50% to 65 % gains in less than 4 months ( up from 20 % a few weeks
ago )
Also my.yahoo.com user "wiredbrain" password "synergy"
http://www.bloomberg.com/markets/america.html
There is a need to
check
for last minute changes
CME
Alternative
site http://www.geocities.com/Yosemite/Trails/4333/flash.htm
News and
analysis GO TO
Money pages first
forecast.htm,
then
conditions.htm
Main
page Flash.htm
GO TO CURRENT UPDATES
FORMULA:
FROM +9.5 to -9.5
(
Confidence
)
The higher the WI score
the higher the probability of being right.
The wiredbrain index
(WI) score is close to points on the S&P500 but are not points but
the summation vector on the strength of
different market forces.
Infoseek
search
Confidence levels: (+ or - numbers -) (WI * 3.25)
+ 50 = Confidence % 3.5 * 3.25 +50 = 61.475 %
0 = 50 % ( 50/50 ) 3.5 = 61.5 % 5.5 = 67.875
% 6.5 = 71.125 % 7.5 = 74.375 % 10 = 82.5 % 15 = 90 % 15 +
= 95 %
Reports of weaker profits, dollar and bonds, due to
trade imbalances increased by relative prices, oil imports, and productivity
are beginning to show up a little.
The further unwinding of the flight
to quality forced sales of US bonds causing higher interest, a weaker
dollar, because of declines in exports, slower growth and reduced profits
and higher costs of skilled labor.
08:31 MONTHLY TRADE GAP HIGHEST SINCE
SERIES BEGAN IN 1992.
Increased imports and lower exports are reflections
of high domestic production costs vs. lower cost of imports. Europe and
Japan benefit/costs more from the lower oil prices.
Basic
faults in public policy and process undermine the US's international economic
position.
Asia ex Japan - will have the best net return over
the next 3 months as China does now, : remarkable
Global Momentum continues- More demand for stocks than supply will drive
up under priced foreign markets - High somewhere around S&P500 at 1070,
GOING
DOWN GOING UP look at this....
LINKS:
all the major connections
Support
Level key 200 day low now near old high of 985.
YAHOO MARKETS
WIREDBRAIN'S
PORTFOLIO
After-noon top of wave look to
go short IF and only if and when Technology
turns
down
Technologies
NEWS & INDEX
SAFE TRADE UP or hold long on
three or more * and + 6.5 index enter on UP target S&P500 1125
SAFE TRADE DOWN down or hold
on three or more *: enter on three or more - 6.5 WI ( index) down target
S&P500 955
Follow
the $SOX often up or down twice as much as market
MORGAN
STANLEY HI TECH 35 ($MSH) and the
NDX
If the
NDX
goes down ( it's going with the
$SOX
):
TRADE-
at 10:30 AM -
INDEX
PAGE made by AltaVista, enter "wiredbrain" to update
Click image for
site Information
The
Money Machine
News Index -- Get the Whole Story
Active News
Global Markets; Market ! 1/5/1998
paper money page
GO
TO CURRENT UPDATES
- The
Best short term timer & Financial
Weather
Report
-
The
NEWS
before
it
happens
FOR reporters: Please site "wiredbrain" reports that
the
market for:
Current posts
Continued on - please let me know about errors ! Some of these pages date back up to 10 years ( 1992 ) and have been through many editors and transfers. News about what's happening and for updates use GlobalVillage Excite NewsSearch -
pfpfpfpflaump@cfl.rr.comhttp://www.wiredbrain.net/
Continued on - please let me know about errors ! Some of these pages date back up to 10 years ( 1992 ) and have been through many editors and transfers. News about what's happening and for updates use GlobalVillage Excite NewsSearch -
ppppflaump@cfl.rr.com - http://www.wiredbrain.net/
post.htm
political initiative
social political issues.htm
The go get them firms
The next post PC technologies
The next great technologies
salestax
educational reform
communications technology
The next companies & technologies
http://www.wiredbrain.net/NEXUM.htm
http://www.wiredbrain.net/nano.htm
High Speed Internet by Soliton
disintermedation Last updated on March 20,
1999 DOWN
40 or 50 to 1050
the short term is well into over bought
conditions
The possibility of Indonesian political stability also boosted European
equities. Frankfurt gained nearly two percent to hit a closing peak and
London and Paris ended with gains of about one percent.
MONDAY, May 19 (Reuters) - European stocks perked up on Tuesday as
sentiment spread that U.S. interest rates would not rise and investors
saw some prospects of a return to stability in Indonesia.
In currencies, the yen bounced back from a 6-1/2 year low against
the dollar in early trade as President Suharto promised to call elections
after rioting and looting left hundreds dead in Indonesia.
---------------------------------------------------------------
MARKET PRICES AT 0942 GMT
Mark 1.7833/38 Yen 135.91/01 Sterling 1.6252/62
Gold $299.00/9.50 -1.05 (pvs PM fix) Brent $14.31 -0.15
FTSE 100 5873.6 +47.4 CAC 3970.77 +25.46 X-DAX
5386.06 +42.40
---------------------------------------------------------------
London, Frankfurt and Paris all made hefty gains in opening transactions,
in marked contrast to the pounding they took on Monday with investors jittery
over U.S. interest rates and the Indonesia crisis.
London climbed 0.8 percent, with the added boost of a batch of healthy
company news. ``We've had a steep fall and
everything feels more comfortable this morning,'' said one dealer.
MONDAY
LONDON, May 18 (Reuters) - European bourses slipped on Monday amid worries
about U.S. interest rates, the crisis in
Indonesia and expectations of another choppy session from Wall Street.
By mid-session, London, Europe's largest stock market was down 1.13
percent while Paris fell 1.3 percent and Frankfurt
dipped by 1.11 percent.
---------------------------------------------------------------
MARKET PRICES AT 1124 GMT
Mark 1.7869/72 Yen 135.55/60 Sterling 1.6202/12
Gold $299.70/0.20 -0.94 (pvs PM fix) Brent $14.35 -0.05
FTSE 100 5849.1 -68.7 CAC 3937.31 -53.40 X-DAX
5349.03 -65.28
---------------------------------------------------------------
European equity dealers said increased concern over U.S. interest rates
ahead of Tuesday's meeting of the U.S. Federal Open
Market Committee (FOMC) were wounding sentiment even though most analysts
expect rates to remain on hold.
Concerns over hi-tech stocks also suggested a weaker Dow open after
Microsoft's (MSFT - news) talks with the U.S.
government collapsed at the weekend, making it more likely that a massive
anti-trust suit would be filed against it.
07:35 U.S. DOLLAR AT 6-YEAR HIGH AGAINST YEN AT 135.55 YEN/DOLLAR.
07:23 U.S. 30-YR TREASURY 5.964%.
07:22 CRUDE OIL (NIGHT) 14.44 UP 3 CENTS, +0.2%.
07:21 GERMAN DMARK 1.7872 UP 0.0042, OR 0.2%.
07:21 BRITISH POUND 1.6195 DOWN 0.0079, OR -0.5%.
07:21 JAPAN YEN 135.55 UP 0.8, OR 0.7%.
07:19 LEADERS OF INDONESIAN PARLIAMENT EXPECTED TO ASK SUHARTO
TO STEP DOWN.
07:19 GERMANY DAX MARKET 5364.21 DOWN 28.93, OR -0.54%.
07:19 FRANCE CAC 40 3945.86 DOWN 44.37, OR 1.1%.
07:19 LONDON FT 100 5850.4 DOWN 67.4, OR 1.1%.
E-MINI cash
less
price
of premium
= CASH
Wiredbrain's Index Summary,
=
*-4.50
Technologies
DOWN in an UP market, interest drifting up, dollar down, Asia markets down
- Europe strong but off tops, and gold and oil up
Technologies
2X market
IXCO SOX
MSH PSE NDX 2X market
Pause in
Asian's
FLAT and Europe's down from record high ( US Germany France London
)
Dollar falls over 3 yen on aggressive intervention
---------------------------------------------------------------
Stocks, dollar active ( up again)
and bonds drifting down;
Asia mixed down, Europe down
from new highs:
bonds at
5.89
%
bonds
DOWN interest UP well off lows of 5.65 and off high of
6.2 on money supply, oil prices near $16 Gold at $310
Currencies
(dollar)
UP
, from rally in a tight range in a
Negative FX market - (on scale from -15
to +15).
GO TO CURRENT
UPDATES
Bottom Line:
Market is unstable at top of wave and expected to be
UP and DOWN. Starrting in Nov. Good news on main street was no longer bad
news on Wall street. Rapid growth did not require higher interest rates
and lower stock prices. Now is bad news on main street and in Asia good
for stocks or not ?
GO TO CURRENT UPDATES
Contrariness:
Markets do react to expectations.
They are reflective of the popular
mood. BUT they also are quite contrary. When the mood is positive,
greedy enough they turn down. When they are gloomy, fearful enough they
turn up.
The reason for this are a side effect of the pattern of information
transfer, not everyone is in the same "time zone".
The hard core traders,
tied to 24 hour computer screens, come first, then professional fund managers,
then general broker community, the professional press, the general
press, the interested investor, the news magazines, the general public
comes last. Now the gold and oil prices are up, showing certain skepticism,
so are short sales and put volumes.
The strong dollar is partly due
to flight to quality.
It is strange and interesting that earning have
such a strong impact when the valuations are so much out of line. At P/E
of 25 + what does it matter if it's 22 or 27 ?
The traditional value is
about 20 based on earning, with a inflation and earning forecast correction.
Growth is almost always due to technology and the opening of new
territories. From the cotton and wool production of the 18th century, to
railroads in the 19th, to automobiles and electric services and communications
in the 20th, to computer networks in the 21st, technology opens new markets,
products and services.
The current boom is due to computer technology IT
( information technology ) and the expansion of global markets. This leads
to growth in jobs and incomes, which then is spent on houses, cars and
investments.
The expansion of secondary markets causes a second wave, then
a third.
The first wave is dying, but we are carried forward on the second
and third.
The multiplier effect expands investment faster than demand
until there is an over supply and a contraction sets in. This was true
in textiles, in railroads, in communications, and in computers.
The contraction
reduces demand, cuts jobs and incomes, and sets off a wave down. Thus it
is in Asia including Japan. So the waters get choppy and confused.
The next wave is integration of satellite communications and utility
communications devices that encourage network systems of supply and demand.
Providers are connected to users by linkages which bypass the traditional
middle people.
The great pretender:
One of the troubles with long marriages is it gets hard to pretend.
We all spend most of our lives pretending to know what we don’t know, doing
what we can’t do, and being what we don’t want to be. We live up to others
expectations that don’t fit. We are wearing the Emperor’s New Clothes,
and can only hope that no one will notice their transparency.
Financial markets are the great pretenders. It’s all a hall of blue
smoke and mirrors.
The actors, great and small, all have to pretend they
know what is going on, have to appear confident of their knowledge of the
unknowable, have to put up a brave front and live up to impossible expectations.
After all the worlds financial community is built on a fragile faith that
the future will be as the present, what has worked will work, and what
appears to be real is real.
The future will not be the same as the present,
what works now will not work then, and appearances are not what they seem.
A few brave souls are willing to look at the "really" real, those
shadows of reality behind mirrors. It maybe another illusion of a different
form and type, with another "reality" lurking in the background. As the
hero moves around among the shadows of new realities, heroes grow beyond
their own pretentious and take on some of the qualities of more stable
realities. If they really get married to the reality of day to day life
they know that this is all there is, shadows are cosmic jokes.
Einstein did not what to believe in quantum theory, for a long time,
because the said " nature does not play jokes or try to trick us." He believed
in the wonderful illusion of an orderly universe, with a final pattern
and cause, a universal field theory. He was wrong about a steady state
universe, and overly pretentious that reality needed to match his hopes
for order. Einstein described a reality where time and space curve.
This is not a ordinary perception. You can see what I mean about
a hall of mirrors where realities lurk one behind another.
http://www.businesswire.com/
OIL
INDEX -
OIL
UP and down
Markets
AHEAD TODAY:
GO TO CURRENT
UPDATES
LINKS: all the major connections
Invest-O-Rama!
-
TODAY'S
TRADE :
DJIA DJ
INDUSTRIAL (REU:^DJI)
http://cboe.pcquote.com/cgi-bin/cboeget.exe?TICKER=.DJXQJ++++++
buy at 1 5/8 sell at 2 1/2 DOW JONES INDUSTRIAL
AVG
2 1/ 2 + 5/16 : PUT PRICE CHANGE
PREV.CLOSE VOL SYMBOL OPTION NAME
MAY 88 2 3/8 1/2 2 1/4 2 3/4 DJXQJ DOW JONES INDUSTRIAL
AVG
APR 87 1 1/4 1/2 1 1/8 1 3/8 DJXPI DOW JONES INDUSTRIAL
AVG
APR 88 1 3/8 1/8 1 3/8 1 1/2 DJXPJ DOW JONES INDUSTRIAL
AV
MSQQR
MSFT May8 90.0 PUT, Microsoft shares at $90.
08:31 MONTHLY TRADE GAP HIGHEST
SINCE SERIES BEGAN IN 1992.
Last week and Monday:
NKE NIKE INC CL 'B' 45 3/4 Closing Prices.
APR 45 N/C N/C 2 5/8 0 NKEDI NIKE INC CL B
GO TO CURRENT UPDATES
FUTURES
MARKET
"
The U.S. chip industry has become the leading contributor to the
nation's gross domestic product among all manufacturing sectors,"
Follow
the $SOX
"
The evidence in
this
study is indisputable.
The tiny microchip has done more to create jobs,
increase incomes, generate economic growth and add value to other products
than any product in America," calling semiconductors, "the railroads, automobile,
telecommunications or crude oil of the Information Age."
How future will close
``
There's still some end-of-quarter window-dressing going on and if we're
heading for a big correction it won't be until then (the end of the quarter),''
said one dealer.
The settlement date for most trading was last week
- many last minute trades are not recorded in this quarter but next.
FREE
FORECAST AND ADVICE
S&P 500 index
The expected values of the index are 1093 and 1109
for April 17 and May 15
.
Interest rates - 5.61 % LIBOR MAY98
94.39
30Y 5.79 %
NOON
Moneynet
WIREDBRAIN'S
PORTFOLIO Wiredbrain high at 200 now185
50% to 65 % gains in less than 4 months ( up from 20 % a few weeks
ago )
Also my.yahoo.com user "wiredbrain" password "synergy"
http://www.bloomberg.com/markets/america.html
There is a need to
check
for last minute changes
CME
Alternative
site http://www.geocities.com/Yosemite/Trails/4333/flash.htm
News and
analysis GO TO
Money pages first
forecast.htm,
then
conditions.htm
Main
page Flash.htm
GO TO CURRENT UPDATES
FORMULA:
FROM +9.5 to -9.5
(
Confidence
)
The higher the WI score
the higher the probability of being right.
The wiredbrain index
(WI) score is close to points on the S&P500 but are not points but
the summation vector on the strength of
different market forces.
Infoseek
search
Confidence levels: (+ or - numbers -) (WI * 3.25)
+ 50 = Confidence % 3.5 * 3.25 +50 = 61.475 %
0 = 50 % ( 50/50 ) 3.5 = 61.5 % 5.5 = 67.875
% 6.5 = 71.125 % 7.5 = 74.375 % 10 = 82.5 % 15 = 90 % 15 +
= 95 %
Reports of weaker profits, dollar and bonds, due to
trade imbalances increased by relative prices, oil imports, and productivity
are beginning to show up a little.
The further unwinding of the flight
to quality forced sales of US bonds causing higher interest, a weaker
dollar, because of declines in exports, slower growth and reduced profits
and higher costs of skilled labor.
08:31 MONTHLY TRADE GAP HIGHEST SINCE
SERIES BEGAN IN 1992.
Increased imports and lower exports are reflections
of high domestic production costs vs. lower cost of imports. Europe and
Japan benefit/costs more from the lower oil prices.
Basic
faults in public policy and process undermine the US's international economic
position.
Asia ex Japan - will have the best net return over
the next 3 months as China does now, : remarkable
Global Momentum continues- More demand for stocks than supply will drive
up under priced foreign markets - High somewhere around S&P500 at 1070,
GOING
DOWN GOING UP look at this....
LINKS:
all the major connections
Support
Level key 200 day low now near old high of 985.
YAHOO MARKETS
WIREDBRAIN'S
PORTFOLIO
After-noon top of wave look to
go short IF and only if and when Technology
turns
down
Technologies
NEWS & INDEX
SAFE TRADE UP or hold long on
three or more * and + 6.5 index enter on UP target S&P500 1125
SAFE TRADE DOWN down or hold
on three or more *: enter on three or more - 6.5 WI ( index) down target
S&P500 955
Follow
the $SOX often up or down twice as much as market
MORGAN
STANLEY HI TECH 35 ($MSH) and the
NDX
If the
NDX
goes down ( it's going with the
$SOX
):
TRADE-
at 10:30 AM -
INDEX
PAGE made by AltaVista, enter "wiredbrain" to update
Click image for
site Information
The
Money Machine
The
Money Machine
Active News
Global Markets; Market ! 1/5/1998
paper money page
GO
TO CURRENT UPDATES
- The
Best short term timer & Financial
Weather
Report
-
The
NEWS
before
it
happens
GO
TO CURRENT UPDATES
- The
Best short term timer & Financial
Weather
Report
-
The
NEWS
before
it
happens
The
NEWS before it happensFOR reporters: Please site "wiredbrain" reports that
the
market for:
Current posts
Continued on - please let me know about errors ! Some of these pages date back up to 10 years ( 1992 ) and have been through many editors and transfers. News about what's happening and for updates use GlobalVillage Excite NewsSearch -
pfpfpfpflaump@cfl.rr.comhttp://www.wiredbrain.net/
Continued on - please let me know about errors ! Some of these pages date back up to 10 years ( 1992 ) and have been through many editors and transfers. News about what's happening and for updates use GlobalVillage Excite NewsSearch -
ppppflaump@cfl.rr.com - http://www.wiredbrain.net/
post.htm
political initiative
social political issues.htm
The go get them firms
The next post PC technologies
The next great technologies
salestax
educational reform
communications technology
The next companies & technologies
http://www.wiredbrain.net/NEXUM.htm
http://www.wiredbrain.net/nano.htm
High Speed Internet by Soliton
the
market for:
Current posts
Continued on - please let me know about errors ! Some of these pages date back up to 10 years ( 1992 ) and have been through many editors and transfers. News about what's happening and for updates use GlobalVillage Excite NewsSearch -
pfpfpfpflaump@cfl.rr.comhttp://www.wiredbrain.net/
Continued on - please let me know about errors ! Some of these pages date back up to 10 years ( 1992 ) and have been through many editors and transfers. News about what's happening and for updates use GlobalVillage Excite NewsSearch -
ppppflaump@cfl.rr.com - http://www.wiredbrain.net/
post.htm
political initiative
social political issues.htm
The go get them firms
The next post PC technologies
The next great technologies
salestax
educational reform
communications technology
The next companies & technologies
http://www.wiredbrain.net/NEXUM.htm
http://www.wiredbrain.net/nano.htm
High Speed Internet by Soliton
Continued on - please let me know about errors ! Some of these pages date back up to 10 years ( 1992 ) and have been through many editors and transfers. News about what's happening and for updates use GlobalVillage Excite NewsSearch -
pfpfpfpflaump@cfl.rr.comhttp://www.wiredbrain.net/
Continued on - please let me know about errors ! Some of these pages date back up to 10 years ( 1992 ) and have been through many editors and transfers. News about what's happening and for updates use GlobalVillage Excite NewsSearch -
ppppflaump@cfl.rr.com - http://www.wiredbrain.net/
post.htm
political initiative
social political issues.htm
The go get them firms
The next post PC technologies
The next great technologies
salestax
educational reform
communications technology
The next companies & technologies
http://www.wiredbrain.net/NEXUM.htm
http://www.wiredbrain.net/nano.htm
High Speed Internet by Soliton
pfpfpfpflaump@cfl.rr.comhttp://www.wiredbrain.net/
Continued on - please let me know about errors ! Some of these pages date back up to 10 years ( 1992 ) and have been through many editors and transfers. News about what's happening and for updates use GlobalVillage Excite NewsSearch -
ppppflaump@cfl.rr.com - http://www.wiredbrain.net/
post.htm
political initiative
social political issues.htm
The go get them firms
The next post PC technologies
The next great technologies
salestax
educational reform
communications technology
The next companies & technologies
http://www.wiredbrain.net/NEXUM.htm
http://www.wiredbrain.net/nano.htm
High Speed Internet by Soliton
Continued on - please let me know about errors ! Some of these pages date back up to 10 years ( 1992 ) and have been through many editors and transfers. News about what's happening and for updates use GlobalVillage Excite NewsSearch -
ppppflaump@cfl.rr.com - http://www.wiredbrain.net/
post.htm
political initiative
social political issues.htm
The go get them firms
The next post PC technologies
The next great technologies
salestax
educational reform
communications technology
The next companies & technologies
http://www.wiredbrain.net/NEXUM.htm
http://www.wiredbrain.net/nano.htm
High Speed Internet by Soliton
Continued on - please let me know about errors ! Some of these pages date back up to 10 years ( 1992 ) and have been through many editors and transfers. News about what's happening and for updates use GlobalVillage Excite NewsSearch -
ppppflaump@cfl.rr.com - http://www.wiredbrain.net/
post.htm
political initiative
social political issues.htm
The go get them firms
The next post PC technologies
The next great technologies
salestax
educational reform
communications technology
The next companies & technologies
http://www.wiredbrain.net/NEXUM.htm
http://www.wiredbrain.net/nano.htm
High Speed Internet by Soliton
ppppflaump@cfl.rr.com - http://www.wiredbrain.net/
post.htm
political initiative
social political issues.htm
The go get them firms
The next post PC technologies
The next great technologies
salestax
educational reform
communications technology
The next companies & technologies
http://www.wiredbrain.net/NEXUM.htm
http://www.wiredbrain.net/nano.htm
High Speed Internet by Soliton
social political issues.htm
The go get them firms
The next post PC technologies
The next great technologies
salestax
educational reform
communications technology
The next companies & technologies
http://www.wiredbrain.net/NEXUM.htm
http://www.wiredbrain.net/nano.htm
High Speed Internet by Soliton
The go get them firms
The next post PC technologies
The next great technologies
salestax
educational reform
communications technology
The next companies & technologies
http://www.wiredbrain.net/NEXUM.htm
http://www.wiredbrain.net/nano.htm
High Speed Internet by Soliton
The next great technologies
salestax
educational reform
communications technology
The next companies & technologies
http://www.wiredbrain.net/NEXUM.htm
http://www.wiredbrain.net/nano.htm
High Speed Internet by Soliton
The next companies & technologies
http://www.wiredbrain.net/NEXUM.htm
http://www.wiredbrain.net/nano.htm
High Speed Internet by Soliton
The next companies & technologies
http://www.wiredbrain.net/NEXUM.htm
http://www.wiredbrain.net/nano.htm
High Speed Internet by Soliton
High Speed Internet by Soliton
disintermedation Last updated on March 20,
1999
DOWN
40 or 50 to 1050
the short term is well into over bought
conditions
The possibility of Indonesian political stability also boosted European
equities. Frankfurt gained nearly two percent to hit a closing peak and
London and Paris ended with gains of about one percent.
MONDAY, May 19 (Reuters) - European stocks perked up on Tuesday as
sentiment spread that U.S. interest rates would not rise and investors
saw some prospects of a return to stability in Indonesia.
In currencies, the yen bounced back from a 6-1/2 year low against
the dollar in early trade as President Suharto promised to call elections
after rioting and looting left hundreds dead in Indonesia.
---------------------------------------------------------------
MARKET PRICES AT 0942 GMT
Mark 1.7833/38 Yen 135.91/01 Sterling 1.6252/62
Gold $299.00/9.50 -1.05 (pvs PM fix) Brent $14.31 -0.15
FTSE 100 5873.6 +47.4 CAC 3970.77 +25.46 X-DAX
5386.06 +42.40
---------------------------------------------------------------
London, Frankfurt and Paris all made hefty gains in opening transactions,
in marked contrast to the pounding they took on Monday with investors jittery
over U.S. interest rates and the Indonesia crisis.
London climbed 0.8 percent, with the added boost of a batch of healthy
company news. ``We've had a steep fall and
everything feels more comfortable this morning,'' said one dealer.
MONDAY
LONDON, May 18 (Reuters) - European bourses slipped on Monday amid worries
about U.S. interest rates, the crisis in
Indonesia and expectations of another choppy session from Wall Street.
By mid-session, London, Europe's largest stock market was down 1.13
percent while Paris fell 1.3 percent and Frankfurt
dipped by 1.11 percent.
---------------------------------------------------------------
MARKET PRICES AT 1124 GMT
Mark 1.7869/72 Yen 135.55/60 Sterling 1.6202/12
Gold $299.70/0.20 -0.94 (pvs PM fix) Brent $14.35 -0.05
FTSE 100 5849.1 -68.7 CAC 3937.31 -53.40 X-DAX
5349.03 -65.28
---------------------------------------------------------------
European equity dealers said increased concern over U.S. interest rates
ahead of Tuesday's meeting of the U.S. Federal Open
Market Committee (FOMC) were wounding sentiment even though most analysts
expect rates to remain on hold.
Concerns over hi-tech stocks also suggested a weaker Dow open after
Microsoft's (MSFT - news) talks with the U.S.
government collapsed at the weekend, making it more likely that a massive
anti-trust suit would be filed against it.
07:35 U.S. DOLLAR AT 6-YEAR HIGH AGAINST YEN AT 135.55 YEN/DOLLAR.
07:23 U.S. 30-YR TREASURY 5.964%.
07:22 CRUDE OIL (NIGHT) 14.44 UP 3 CENTS, +0.2%.
07:21 GERMAN DMARK 1.7872 UP 0.0042, OR 0.2%.
07:21 BRITISH POUND 1.6195 DOWN 0.0079, OR -0.5%.
07:21 JAPAN YEN 135.55 UP 0.8, OR 0.7%.
07:19 LEADERS OF INDONESIAN PARLIAMENT EXPECTED TO ASK SUHARTO
TO STEP DOWN.
07:19 GERMANY DAX MARKET 5364.21 DOWN 28.93, OR -0.54%.
07:19 FRANCE CAC 40 3945.86 DOWN 44.37, OR 1.1%.
07:19 LONDON FT 100 5850.4 DOWN 67.4, OR 1.1%.
E-MINI
cash
less
price
of premium
= CASH
Wiredbrain's Index
Summary,
=
---------------------------------------------------------------
*-4.50
Technologies
DOWN in an UP market, interest drifting up, dollar down, Asia markets down
- Europe strong but off tops, and gold and oil up
Technologies
2X market
IXCO
SOX
MSH PSE NDX 2X market
Pause in
Asian's
FLAT and Europe's down from record high ( US Germany France London
)
Dollar falls over 3 yen on aggressive intervention
Stocks, dollar active ( up again)
and bonds drifting down;
Asia mixed down, Europe down
from new highs:
bonds at
5.89
%
bonds
DOWN interest UP well off lows of 5.65 and off high of
6.2 on money supply, oil prices near $16 Gold at $310
Currencies
(dollar)
UP
, from rally in a tight range in a
Negative FX market -
(on scale from -15
to +15).
GO TO CURRENT
UPDATES
Bottom Line:
Market is unstable at top of wave and expected to be
UP and DOWN. Starrting in Nov. Good news on main street was no longer bad
news on Wall street. Rapid growth did not require higher interest rates
and lower stock prices. Now is bad news on main street and in Asia good
for stocks or not ?
GO TO CURRENT UPDATES
Contrariness:
Markets do react to expectations.
They are reflective of the popular
mood. BUT they also are quite contrary. When the mood is positive,
greedy enough they turn down. When they are gloomy, fearful enough they
turn up.
The reason for this are a side effect of the pattern of information
transfer, not everyone is in the same "time zone".
The hard core traders,
tied to 24 hour computer screens, come first, then professional fund managers,
then general broker community, the professional press, the general
press, the interested investor, the news magazines, the general public
comes last. Now the gold and oil prices are up, showing certain skepticism,
so are short sales and put volumes.
The strong dollar is partly due
to flight to quality.
It is strange and interesting that earning have
such a strong impact when the valuations are so much out of line. At P/E
of 25 + what does it matter if it's 22 or 27 ? The traditional value is
about 20 based on earning, with a inflation and earning forecast correction.
Growth is almost always due to technology and the opening of new
territories. From the cotton and wool production of the 18th century, to
railroads in the 19th, to automobiles and electric services and communications
in the 20th, to computer networks in the 21st, technology opens new markets,
products and services.
The current boom is due to computer technology IT
( information technology ) and the expansion of global markets. This leads
to growth in jobs and incomes, which then is spent on houses, cars and
investments.
The expansion of secondary markets causes a second wave, then
a third.
The first wave is dying, but we are carried forward on the second
and third.
The multiplier effect expands investment faster than demand
until there is an over supply and a contraction sets in. This was true
in textiles, in railroads, in communications, and in computers.
The contraction
reduces demand, cuts jobs and incomes, and sets off a wave down. Thus it
is in Asia including Japan. So the waters get choppy and confused.
The next wave is integration of satellite communications and utility
communications devices that encourage network systems of supply and demand.
Providers are connected to users by linkages which bypass the traditional
middle people.
The great pretender:
One of the troubles with long marriages is it gets hard to pretend.
We all spend most of our lives pretending to know what we don’t know, doing
what we can’t do, and being what we don’t want to be. We live up to others
expectations that don’t fit. We are wearing the Emperor’s New Clothes,
and can only hope that no one will notice their transparency.
Financial markets are the great pretenders. It’s all a hall of blue
smoke and mirrors.
The actors, great and small, all have to pretend they
know what is going on, have to appear confident of their knowledge of the
unknowable, have to put up a brave front and live up to impossible expectations.
After all the worlds financial community is built on a fragile faith that
the future will be as the present, what has worked will work, and what
appears to be real is real.
The future will not be the same as the present,
what works now will not work then, and appearances are not what they seem.
A few brave souls are willing to look at the "really" real, those
shadows of reality behind mirrors. It maybe another illusion of a different
form and type, with another "reality" lurking in the background. As the
hero moves around among the shadows of new realities, heroes grow beyond
their own pretentious and take on some of the qualities of more stable
realities. If they really get married to the reality of day to day life
they know that this is all there is, shadows are cosmic jokes.
Einstein did not what to believe in quantum theory, for a long time,
because the said " nature does not play jokes or try to trick us." He believed
in the wonderful illusion of an orderly universe, with a final pattern
and cause, a universal field theory. He was wrong about a steady state
universe, and overly pretentious that reality needed to match his hopes
for order. Einstein described a reality where time and space curve.
This is not a ordinary perception. You can see what I mean about
a hall of mirrors where realities lurk one behind another.
http://www.businesswire.com/
OIL
INDEX -
OIL
UP and down
Markets
AHEAD TODAY:
GO TO CURRENT
UPDATES
LINKS: all the major connections
Invest-O-Rama!
-
TODAY'S
TRADE :
DJIA DJ
INDUSTRIAL (REU:^DJI)
http://cboe.pcquote.com/cgi-bin/cboeget.exe?TICKER=.
DJXQJ++++++
buy at 1 5/8 sell at 2 1/2 DOW JONES INDUSTRIAL
AVG
2 1/ 2 + 5/16 : PUT PRICE CHANGE
PREV.CLOSE VOL SYMBOL OPTION NAME
MAY 88 2 3/8 1/2 2 1/4 2 3/4 DJXQJ DOW JONES INDUSTRIAL
AVG
APR 87 1 1/4 1/2 1 1/8 1 3/8 DJXPI DOW JONES INDUSTRIAL
AVG
APR 88 1 3/8 1/8 1 3/8 1 1/2 DJXPJ DOW JONES INDUSTRIAL
AV
MSQQR
MSFT May8 90.0 PUT, Microsoft shares at $90.
08:31 MONTHLY TRADE GAP HIGHEST
SINCE SERIES BEGAN IN 1992.
Last week and Monday:
NKE NIKE INC CL 'B' 45 3/4 Closing Prices.
APR 45 N/C N/C 2 5/8 0 NKEDI NIKE INC CL B
GO TO CURRENT UPDATES
FUTURES
MARKET
"
The U.S. chip industry has become the leading contributor to the
nation's gross domestic product among all manufacturing sectors,"
Follow
the $SOX
"
The evidence in
this
study is indisputable.
The tiny microchip has done more to create jobs,
increase incomes, generate economic growth and add value to other products
than any product in America," calling semiconductors, "the railroads, automobile,
telecommunications or crude oil of the Information Age."
How future will close
``
There's still some end-of-quarter window-dressing going on and if we're
heading for a big correction it won't be until then (the end of the quarter),''
said one dealer.
The settlement date for most trading was last week
- many last minute trades are not recorded in this quarter but next.
FREE
FORECAST AND ADVICE
S&P 500 index
The expected values of the index are 1093 and 1109
for April 17 and May 15
.
Interest rates - 5.61 % LIBOR MAY98
94.39
30Y 5.79 %
NOON
Moneynet
WIREDBRAIN'S
PORTFOLIO
Wiredbrain high at 200
now185
50% to 65 % gains in less than 4 months ( up from 20 % a few weeks
ago )
Also my.yahoo.com user "wiredbrain" password "synergy"
http://www.bloomberg.com/markets/america.html
There is a need to
check
for last minute changes
CME
Alternative
site http://www.geocities.com/Yosemite/Trails/4333/flash.htm
News and
analysis GO TO
Money pages first forecast.htm,
then
conditions.htm
Main
page Flash.htm
GO TO CURRENT UPDATES
FORMULA:
FROM +9.5 to -9.5
(Confidence
)
The higher the WI score
the higher the probability of being right.
The wiredbrain index
(WI) score is close to points on the S&P500 but are not points but
the summation vector on the strength of
different market forces.
I
nfoseek
search
Confidence levels: (+ or - numbers -) (WI * 3.25)
+ 50 = Confidence % 3.5 * 3.25 +50 = 61.475 %
0 = 50 % ( 50/50 ) 3.5 = 61.5 % 5.5 = 67.875
% 6.5 = 71.125 % 7.5 = 74.375 % 10 = 82.5 % 15 = 90 % 15 +
= 95 %
Reports of weaker profits, dollar and bonds, due to
trade imbalances increased by relative prices, oil imports, and productivity
are beginning to show up a little.
The further unwinding of the flight
to quality forced sales of US bonds causing higher interest, a weaker
dollar, because of declines in exports, slower growth and reduced profits
and higher costs of skilled labor.
08:31 MONTHLY TRADE GAP HIGHEST SINCE
SERIES BEGAN IN 1992.
Increased imports and lower exports are reflections
of high domestic production costs vs. lower cost of imports. Europe and
Japan benefit/costs more from the lower oil prices.
Basic
faults in public policy and process undermine the US's international economic
position.
Asia ex Japan - will have the best net return over
the next 3 months as China does now, :
remarkable
Global Momentum continues- More demand for stocks than supply will drive
up under priced foreign markets - High somewhere around S&P500 at 1070,
GOING
DOWN GOING UP look at this....
LINKS:
all the major connections
Support
Level key 200 day low now near old high of 985.
YAHOO MARKETS
WIREDBRAIN'S
PORTFOLIO
After-noon top of wave look to
go short IF and only if and when Technology
turns
down
Technologies
NEWS & INDEX
SAFE TRADE UP or hold long on
three or more * and + 6.5 index enter on UP target S&P500 1125
SAFE TRADE DOWN down or hold
on three or more *: enter on three or more - 6.5 WI ( index) down target
S&P500 955
Follow
the $SOX often up or down twice as much as market
MORGAN
STANLEY HI TECH 35 ($MSH)
and the
NDX
If the
NDX
goes down ( it's going with the
$SOX
):
TRADE-
at 10:30 AM -
INDEX
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