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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 677.58+0.3%Nov 5 4:00 PM EST

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To: pater tenebrarum who wrote (38418)1/28/2000 5:08:00 PM
From: Kailash  Read Replies (1) of 99985
 
Heinz -

given the threat of a .5% rate hike, the least the market could do today was to tank. Another 3% down on Monday and Easy Al won't dare to raise it more than a quarter!

If this piece of emotional blackmail works -- if the market is not exactly rational, but driven by the ineluctible logic of emotion -- then we'll have the perfect excuse for a major bounce, maybe even a domed house for those who have been waiting for that.

Kailash
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