MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 683.03

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4:00 PM EST

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To: HairBall who wrote (7721)	3/8/1999 9:30:00 AM
From: HairBall	of 99985

To All: Thanks for the kind words. I want to take another opportunity to thank Monty for providing a place for us to share our charts. He is very busy at this time, but has not complained once. Back to the Market: As indicated in my post before last Thursday's open, I felt that the TYX.X (interest rates) were moderating (leveling off) and would likely begin to retrace much of the recent rise. I felt this would stay any further decline in the Market at that time. Frankly, I did not expect the dramatic rise we had, but I did expect a rise above the DJI's old high. As evidenced by today's open of the TYX.X it is continuing. However, I do believe this is just a retrace/correction and that the longer term will be for rates to continue to oscillate up. Keep an eye on rates as you formulate your investment strategies. BWDIK as always... Regards, LG

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