MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 662.72

+0.4%

Nov 19 4:00 PM EST

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To: Stcgg who wrote (57444)	7/31/2000 2:59:39 AM
From: The Ox	Read Replies (1) of 99985

I don't buy into your crash scenario, at least not this week. Where's the catalyst for such a market reaction? Dollar index is relatively solid around 109. Bond market also has been pretty stable lately. Almost everyone I've talked with over the past few months have expected the market to sell off after these latest earnings reports. The market is coming to grips with 6 straight interest rate hikes and it's finding the path of least resistance right now. I expect the market to continue it's choppy slide down but I fail to see anything that would be the catalyst for a crash? I didn't read every post on this thread from the weekend so maybe I missed the post where you detailed your crash hypothesis? I think you are over doing it just a little. Just my opinion, Michael

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