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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 694.04+0.7%Jan 9 4:00 PM EST
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To: Challo Jeregy who wrote (28277)10/3/1999 10:51:00 PM
From: Lee Lichterman III  Read Replies (3) of 99985
 
I just thought of something I have been meaning to post for a couple days now and kept forgetting. While we have all beenwatching the Dollar, the interest rate etc, we took our eyes off the foreign markets. I noticed the other day that Korea was up to around 1027 and last week hit 800. Unless I am seeing bad quotes, this means Korea fell 20% while no one was watching. With memory in full swing etc, any ideas on what is going on and if it will have an impact here????

Also, in case I forgot to post it, I am playing the war game thing again starting tonight so my site will be getting updated at weird times and most probably early morning if at all. If the date doesn't change, it wasn't updated.

No real direction predictions for me. I think the Fed should raise but I doubt he will. If he raised, the market would probably drop then pop as earings rolled in. If he doesn't raise, he canhold this market hostage and keep it some what under control with threatening words, a change in bias etc and possibly keep it sideways for a bit longer going into the November meeting. he has already announced he doesn't see Y2K as any threat so the pudits that claim he won't raise later due to Y2K are fooling themselves. I think as long as the market behaves, AG will wait and hold the street hostage. Any sign of irrational exuberance and he will sweep in a pop the rate up from now on. War has been declared and he knows the tight rope is getting narrower.

Good Luck,

Lee
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