MDA - Market Direction Analysis Message Board

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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: Les H who wrote (27410)	9/27/1999 12:07:00 AM
From: James F. Hopkins	Read Replies (2) of 99985

Thanx Les; Right now a lot hinges on the Dollar, at least in the banking sector. I'm not what I would call bullish but I do think we have very good chance for a moderate rally, to many people have jumped short, & about half of them won't get covered before the market checks itself, however if the dollar goes on south then I can forget the rally. dailynews.yahoo.com It don't really say any thing but it might cause a bounce in the dollar , at any rate it should check the shorters. I don't have any data showing it but I feel the dollar is shorted sort of heavy right now.

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