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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 681.44

+1.6%

Nov 10 4:00 PM EST

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To: Haim R. Branisteanu who wrote (55032)	6/22/2000 7:53:00 PM
From: Crimson Ghost	Read Replies (1) of 99985

Haim: The rally in the dollar probably reflects the belief by currency traders that the Fed WILL HIKE RATES at the next FOMC meeting. That is my take as well. Unless the stock market drops a heck of a lot over the next few days. Bulls keep shooting themselves in the foot. The more they ramp stocks, the bigger the chance that the FOMC will tighten further. This is not a prediction, but can you imagine the moans on Wall Street if we DO NOT get a strong end of quarter ramp.

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