MDA - Market Direction Analysis Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : MDA - Market Direction Analysis

SPY 665.67

-0.9%

Nov 17 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Yogizuna who wrote (21062)	7/25/1999 3:30:00 PM
From: James F. Hopkins	Read Replies (2) of 99985

Yogi; I didn'r run the OEX leveal but here is some data on the SPX This is just rough data rounded off to give an idea of what the change of the dollar does , and the gains that investment brokers deales make playing the indexes againts Forex trades. BIG MONEY date local Forex$adjusted Jan97 750 675 July97 925 ( 975 Big money sells/shorts) NOV97 850 ( 807 Big money covers/Buys ) March98 1000 1020 May 98 1100 1089 they didn't like this Aug 98 1190 (1225 Big money sells/shorts ) OCT 98 1000 ( 920 Big moeny cover/ Buys ) Nov 98 1100 1045 note they still went up more % wise Jan 99 1200 1140 note gains were still more % wise FEB 99 1225 1225 July99 1400 ( 1462 Big money sells/shorts ) 3rd week 1350 1370 ----------------------------- The dollar is still falling, ( small rally Friday but they plan to to kill it ) Some support at 1325 both local and relitive but if they can push it down below that; and they do want to ; the next support is around 1200 local , and if they can hammer the dollar they will buy in at about 1110 relative cost. --------------------------- I'm convinced that if we don't look at a Forex adjusted index with stock prices ajusted to a dollar index what we see is smoke and mirrors , the Big Boyz are not playing the same TA that J6p plays and they have a second set of books only open to selected members..they buy and sell using the market value adjusted to the relitive dollar value. While the timing of both local and adjusted Tops and Bottoms mostly seem to coinside they get more out of the move. ------------------------------ I do expect to see the Adjusted index fall below the local index before this correction is over, & that can only happen if the dollar falls some more. Which of course will trigger more selling by offshore funds and forieners. I'm afraid the support around 1325 is weak. I'm not able to do it but if I could I would short the Dollar on any rally, unless a war breaks out it's going down more. The news pundit parisites will soon start telling us that a weaker dollar is good for us. Jim

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next