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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 691.72

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Jan 16 4:00 PM EST

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To: j.o. who wrote (25888)	9/15/1999 10:00:00 AM
From: Eric Maggard	Read Replies (1) of 99985

Couple of observations: The dollar/yen is at new lows 104.17. Japanese continuing to take their money out, or is the Yen "carry trade" blowing up? This kind of movement last year brought down LTCM. Will others go down this year, besides PEI? The last several days it seems when the Dow is down, Nasdaq is up and visa versa. Same thing is happening today. Rotation and they can only keep one up at a time? Eric

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