MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 680.28

-0.5%

Dec 1 4:00 PM EST

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To: HairBall who wrote (24974)	9/6/1999 1:20:00 PM
From: James Strauss	Read Replies (1) of 99985

The Market... **************** LG: Interest rates are still the most powerful influence on the market... With a possible third rate cut hanging over the market it's likely that the S&P 500 will retest the 1300 area... It's very important that it holds there... We currently have a junction of the 5, 13, and 20 day MA's... We are at a point of a break out or break down... Given that September is historically the worst performance month of the year for stock prices we are likely to see a continuation of market weakness until we get that third rate hike out of the way... Jim

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