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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 681.43

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To: Lee Lichterman III who wrote (41512)	2/28/2000 8:14:00 AM
From: Terry Whitman	Read Replies (2) of 99985

Forget the Dow- Nasdaq divergence. I want the US dollar- SPX divergence explained. The SPX, and normally all the major US markets tend to rise and fall with the dollar. Since the first of the year- they have diverged- The dollar has continued up while the SPX, DJI, etc. have faltered. stockcharts.com Is this a flight to cash (safety), or is it signalling something else? I find it quite odd that the dollar looks to be breaking UP while the market looks to be breaking down. Who wants to tackle this one? -g- Edit- there is a precedent in the summer of 98 market correction for this. Although the $ did not rise much, it did initially rise during the first 1.5 months of the market decline, before tanking with the market in september. It is up to 2 months now this time around.

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