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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 671.91

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4:00 PM EST

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To: Zeev Hed who wrote (49466)	5/5/2000 2:34:00 PM
From: Haim R. Branisteanu	Read Replies (2) of 99985

Zeev, for such a rally and the anticipated weekend I would expect a sharper drop in the VIX. After all the news are "suposedly out" Also the low volume 570 mill NYSE and 880 NASDAQ are relatively quite low for 2:30 PM. My read is short squize and next week selling may continue. Wages are powering higher as are all other prices. IMHO the Washington Post article insued the rally. IMHO the dollar will retreat ant take the market with it. On a relative inflationary base interest rates in the US are to low and at 6.5% the 10 year note is pointing to that fact. Also Oil at $27 on a relative basis is actually equal to $30 to the rest of the world (wen the dollar index was around 103 to 104, now the dollar is in the 111 to 112 range). BWDIK Haim

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