MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 672.07

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To: pater tenebrarum who wrote (26312)	9/19/1999 11:43:00 PM
From: donald sew	Read Replies (1) of 99985

Heinz, It appears somewhat obvious that the market is waiting for the next FOMC. It also appears that most are expecting that GREENSPAN will not make any changes, and once that is announced many feel the market will rocket to a blow-off top. On the other hand the firm bears are expecting a crash. Its interesting to note that the contraian position after the FOMC meeting is status-quo. Just a continuance of the trading range beyond the OCT FOMC meeting. That would whipsaw the overly bullish and bearish. seeya

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