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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 679.70

+0.7%

Nov 26 4:00 PM EST

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To: Les H who wrote (17809)	6/18/1999 2:36:00 PM
From: bearshark	Read Replies (1) of 99985

Les: I posted a note from Yahoo last weekend about the finance minister of Germany (I think) being pleased that the U. S. Market was going down slowly. It was from the G-7 meeting I think. So I an guessing that there is agreement among the major governments that it would be best for the U. S. market to come down slowly. I agree with the article you posted to a great extent. However, the FOMC may be satisfied because the internets are down. If you have not read his testimony from yesterday, he very nearly named the internet speculators. The FOMC may just raise .25 and keep the bias on. I don't know. However, if the internet stocks take off next week, the FOMC may do something more drastic.

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