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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 675.02

+0.9%

Nov 25 4:00 PM EST

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To: John Pitera who wrote (1730)	12/14/1998 6:44:00 PM
From: Moominoid	Read Replies (1) of 99985

cnnfn.com Maybe Abby will start to notice what is going on? Fleck notes that Dow is below 200dma and SPX below 1150. Both cited by various people as support. He seems in a good mood :) I'm not so sure that indeices only make sense when changed into foreign currency. Which currency? How relevant that is depends on who the players are. Now in Thailand for example the majority of the volume is with foreign institutions. So converting the index to SDRs or something might be useful in order too see what the representative investor is seeing. In the US or Japan, it might be interesting to see the perspective of the foreign investor but that is only part of the picture. So I am agreeing with you. David

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