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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 685.66+0.2%Dec 5 4:00 PM EST
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To: Lee Lichterman III who wrote (11974)4/25/1999 3:23:00 PM
From: StockOperator   of 99985
 
L3,

Thanks for your observation of the dollar. I also noticed the pattern and agree completely that something is going to give. My initial read of the chart is that the dollar may actually go HIGHER at least to retest the 102 to 105 level. A break above that would be major considering it would take out very long term resistance. The interesting point about that may be that small cap stocks generally perform much better with a rising dollar. Of course it could have the exact opposite affect on big cap stocks making their products more expensive to exports.

I guess we will have to wait and see.

Regards,

SO
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