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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 685.66

+0.2%

Dec 5 4:00 PM EST

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To: stockycd who wrote (22131)	8/5/1999 12:03:00 AM
From: James F. Hopkins	Read Replies (1) of 99985

EDIT AT BOTTOM Well I'm going to keep my eye on the Dollar, FWIW I sense that if the dollar rally's "then" the market..it's short covering by the big parlay Forex/Bond/Stock investment bankies.. IF the market Rally's before the Dollar, then I take it they are accumulating with cheap dollars. I sense they want to drive the dollar down another 4 or 5 % so they can get an even bigger discount, but they may not. At any rate I'm watching the dollar as much or more than I am the indexes, or even the interest rates. The bigger moves are all tied to currency swaps, forget the BS that the news pundits put out..they are after all not going to say anything really honest about the market, you wouldn't expect a pimp to tell you his hooker had aids would you. Jim EDIT as I write this I see a gap up in the morning, but the Dollar is down ? That may change.. But if we can get a good gap up on on stocks with a weak dollar it could put in a bottom, at least short term. Check finance.uk.yahoo.com before the open and convert EU to US$

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