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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 659.00+1.0%Nov 21 4:00 PM EST
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To: articwarrior who wrote (30575)10/19/1999 9:52:00 AM
From: donald sew  Read Replies (1) of 99985
 
Artic,

>>>> When we have a weak dollar Vs other currencies our stuff is cheap to buy!!!! <<<<

I have already mentioned that in the past, and I even wrote a very long post on it where it will help develop U.S. economy in certain sectors, where production could return to the U.S. and create more jobs. One area where that has already started is the textile biz. So in the long run there are definite benefits. But for the short-term momentum which has a strong impact on this market, if the report is bad there market is not going to care tomorrow what may happen 6-months down the road. Im specificly talking about tomorrow from the hours of 9:30-4.:00.

My view is for the short-term, and I have probably stated that hundred of times, so my analysis is for the short-term, REPEAT SHORT-TERM. If the TRADE REPORT is bad tomorrow, the market will sell off.

On the other hand I am expecting a short-term bounce after wards, and frankly I dont care if it is a BULL market or BEAR market since I just trade both directions.

Its interesting to note, that even though I have made it very clear that Im a short-term trader that some attempt to turn my words to reflect otherwise.

seeya
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