MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 686.10

-0.5%

Feb 4 4:00 PM EST

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To: HairBall who wrote (25009)	9/7/1999 1:24:00 PM
From: russet	Read Replies (1) of 99985

I think, as long as the Fed keeps trying to jawbone the market down, I think the market will trade in the current range, or rise. As in the 1920's, most market participants think new technology will keep pushing the stock market up, and the Fed can solve any short term problems impacting on the economy. People with these beliefs will continue to buy the dips and support the market in times of weakness. If the Fed reversed policy, and said we don't care about the markets anymore, perhaps the markets would become even more neurotic, and sell off quickly. The thought that the Fed doesn't care if the market goes up or down, takes the safety net away from the market. Oops, it appears the view is shared, http://www.siliconinvestor.com/readmsg.aspx?msgid=11173368

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