MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 695.42

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Jan 28 4:00 PM EST

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To: Paxb2u who wrote (21743)	8/2/1999 11:39:00 AM
From: j.o.	Read Replies (1) of 99985

It's interesting, Peter - the Euro/$ exchange rate has been a great one to follow for indications on direction of the US market. That's what led me to buy the Dax this morning heading into the US open - Europeans got ahead of themselves, and the dollar didn't follow lower. I'll keep an eye on this - it's a great sentiment indicator at the moment. And if the dollar breaks lower from here, WoW! The US markets will not have a chance. j.o.

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