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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 683.83

+0.3%

Dec 3 4:00 PM EST

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To: clochard who wrote (23423)	8/19/1999 11:56:00 AM
From: j.o.	Read Replies (1) of 99985

Can't agree with you there, Steve. The dollar and stocks have been driven higher by the same rosy expectations for the US market and US assets. If the dollar continues to break down here, it is a sign that foreign enthusiasm for US stocks is waning. You will find that if stocks continue to go bid, that the dollar finds support and rallies as well. Have you seen how closely (inversely) correlated USD/EURO is with the Dow? Truly a thing of beauty. We can't support a rising market solely with domestic money flow - not with the US savings rate, anyway. j.o. indextrade.com

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