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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 659.00

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Nov 21 4:00 PM EST

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To: donald sew who wrote (1349)	12/11/1998 1:22:00 PM
From: NickSE	Read Replies (3) of 99985

donald, OT Here a little info on the proceedings. Something everyone should be aware of as to it will definitely have a serious impact on the markets. cnn.com washingtonpost.com If one or more of the articles of impeachment clear the committee, the vote in the full House is tentatively set for December 17. IMO, I expect the market to see increased selling pressure as we approach the vote in the House. Too much risk involved holding positions through the proceedings with the possibility of a vote for impeachment. If the House votes for the articles of impeachment the next step is the Senate where they deliberate the impeachment articles voted for by the House (sort of like a jury). The Senate is where the final judgement will take place and will require 2/3rds vote for impeachment. Does anyone have a schedule of how the hearings will proceed/when significant news will come out from the hearings? If CLINTON is impeached, there should be a knee-jerk reaction to the downside. Hope this helps, Orbit

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