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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 679.68

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Nov 26 4:00 PM EST

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To: pater tenebrarum who wrote (20479)	7/19/1999 7:48:00 PM
From: James F. Hopkins	Read Replies (1) of 99985

HB; I take it you mean if it breaks down ? The dollar has so much to do with the market and that fact seems to go right over the head of the herd. If we had a market index that was adjusted to the dollar index we would see what the Money Monkey Fraternity is trading on. It's just hard for me to fathom the market news pundits that say the market is UP or Down , when it's really a global market that needs a dollar index applied to it or all we have is bull s*it. This morning it looked as if Foreigners were coming back into our market, but with the dollar starting to fall they are not stupid & by noon they were pulling back out. Jim

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