MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 671.91

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Nov 14 4:00 PM EST

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To: Zeev Hed who wrote (72789)	3/20/2001 9:14:21 AM
From: Mike M	Read Replies (1) of 99985

Purely from a market reaction, I question whether there is going to be much of a negative reaction at all to a 50 basis cut. Had we experienced a strong rally into the cut then sell on the news would be appropriate. My best guess would be a mild retrenchment (test) and surge forward. Too many folks are expecting a disappointed reaction from the FED easing. Hardly any are suggesting there is an appropriate easing that would satisfy the "market". We are overdo a "bear rally" and my guess is it is time for the bears to sweat a little. The FED is after all moving rates in the right direction. That is my story and I'm sticking to it all the way to 1650<g>.

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