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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: donald sew who wrote (33304)	10/17/2000 7:18:31 PM
From: James F. Hopkins	Read Replies (2) of 42787

Donald; I think the DX00Y , (dollar index) needs to fall some before we find a bottom. Look at it longer term, the International Broker/Dealers always sell stocks at dollar highs,,after they get the good out of them they convert the dollars to foreign currency which drops the dollar, then they buy back in when they think the dollar has hit it's low. ------------- The Mid east has keep the dollar up , but when that resolves they will drop it. I see us gaping down tomorrow, and if the VIX screams high I might try for another bounce. But I won't play much or hard until after I see the DX00Y fall and bottom. ------------ Junk bonds are in trouble too..and a drop in the dollar lets them pay em off with cheaper dollars. In fact it's the high dollar that helped put them in trouble. If the dollar falls and junk bonds start up then we got a bottom. Jim

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