MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 683.38

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Nov 12 4:00 PM EST

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To: HairBall who wrote (18710)	6/28/1999 9:26:00 PM
From: stockycd	Read Replies (3) of 99985

Lg, Man, I'd like to think so but...Most of my indicators are saying down but a lot of the chart patterns for the major indices seem to be saying up. It almost seems to me that the market has developed a certain arrogance about itself by rallying into the rate hike. It is not healthy for the market to shrug this off. There will only be more pain later. And hopefully all of this Clinton debt payoff nonsense faded with the closing bell today and we can refocus. Another thing that has me bothering is the turn around of Abby J Cohen. (not that I put any faith in analysts<g>) She has been the freaking bull of bulls and her speech last week almost floored me. It's hard for me to see more than 1-2 weeks out but, if the result of this meeting is a hike plus a continued bias, it will be good to be short! Chris

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