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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 684.39

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Dec 4 4:00 PM EST

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To: j.o. who wrote (22033)	8/5/1999 9:12:00 AM
From: James F. Hopkins	Read Replies (1) of 99985

JO; only the UK-Dow chem thang saved the DJI , RE >The dollar embarked on another day of weakness today, << Taht is it in a nut shell every one is TAing the indexes but not adjusting them to the Dollar weakness, the BIG players are looking at indexes from the global view..and they are about 5% weaker than most people think.. support levels from prior to July 16th are no longer valid ! IT's one of the short comings of TAing an index, not to adjust the support levels if & when the under laying currency makes a move. Jim

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