MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 659.00

+1.0%

4:00 PM EST

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To: JDinBaltimore who wrote (30424)	10/18/1999 1:40:00 PM
From: Lee Lichterman III	Read Replies (3) of 99985

Well the first flaw I see is that the trade number will be OK. Don has pointed out the whys as to how it should be and it doesn't sound good. Second problem I see is that the Fed won't raise ahead of Y2K. I feel the opposite for the same reason you see your side. I think the Fed wants rates as high as possible so "IF" they are wrong and Y2K is disruptive, they can cut rates starting from a higher level for damage control. The drop so far sounds big point wise but percentage wise, we have barely scratched the surface. Heck the weekly NASDAQ chart doesn't look like we even dipped. A good post I found on the bullish side and about market manipulation. siliconinvestor.com Good Luck, Lee

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