MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 671.91

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To: Benkea who wrote (22680)	8/11/1999 6:25:00 PM
From: James F. Hopkins	Read Replies (4) of 99985

I see CNBC beating the UP drums like crazy now..not a word about how the futures sold off after the market close. In the next session the futures will look up some as they go from session to session but they now need to be UP around $3.21 just to get back to fair value. Anything less than UP $2 will really be down and trigger sell programs on the open. ---------------- Why don't CNBC get up to date before they get carried away ? Dollar still looks OK so far. Best Guess is a gap down on the open then some more rally, if the dollar holds; things could change by AM but I don't think they will very much, the CNBC plunge protection team is working over time to coax some bulls out of hiding. Jim

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