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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 659.00

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Nov 21 4:00 PM EST

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To: pater tenebrarum who wrote (25500)	9/10/1999 5:48:00 PM
From: KM	Read Replies (1) of 99985

One trader's opinion: *************************************************************** "This morning's number was huge, people don't realize how" important, said one New York-based trader of the core PPI. "This is probably going to keep the Fed from acting in October. This, plus last Friday's employment report." So confident of the forecast is the trader, his desk "covered shorts and went long" after an initial rise got "whacked down on no volume." Like most on Wall Street, the trader, who requested anonymity, dismissed the higher-than-expected headline figure and its underlying cause, higher crude prices. "That's what the bond is showing you," he said. "It blew off oil like it was nothing. Oil at $23? I'd be a short-seller here." thestreet.com

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