MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 652.56

-1.5%

4:00 PM EST

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To: Haim R. Branisteanu who wrote (24717)	9/3/1999 9:19:00 AM
From: James F. Hopkins	Read Replies (3) of 99985

So far it looks OK , sometimes I think the market reads into the numbers what it wants to see. And this market wanted to see good numbers so it could go up. But you know the jobs creation number being so low, ( that they think is good ) could have been taken the other way had they wanted to all they would have to have said was "look at that low number, it means the Labor market cant find workers, Labor is tight & wage inflation is bound to happen" ---------- It just seems to me when you look at most of the data the way it's put out that it's a two sided coin, and the market reads the side it already wants to see. At least short term. But any way the Dollar was up 1/2% before the report and a full 3/4% from yesterdays low, and that may have more to do with it than the report. ( I'm seeing the market stepping with the dollar on changes "roughly" 1/2% on the Dollar = 1% on the market. Jim

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