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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 685.66+0.2%4:00 PM EST
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To: jmootx who wrote (49724)5/7/2000 8:18:00 PM
From: Crimson Ghost  Read Replies (1) of 99985
 
I am inclined to think there will be a big relief rally, but not until the markets have been hit very hard. Something like 3000 on the NAZ and sub 10,000 on the DJI.

The fact is that at this point in time the stronger the markets, the greater the chance of a 50 point hike. Now if the players get smart and knock the markets down hard, then the Fed will hike just 25 bp and the markets can stage another nice post FOMC relief rally.
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