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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 660.19-0.8%Nov 18 4:00 PM EST

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To: dennis michael patterson who wrote (1851)12/15/1998 9:03:00 AM
From: donald sew  Read Replies (2) of 99985
 
Dennis,

>>>>>>>>> Don, on the Impeachment proceedings. One has to wonder why this NOW becomes an issue when the following two propositions have been true for months:<<<<<<<

You have a valid point. The top of this pullback was around NOV 23, which was before this increased worry of impeachment started. This pullback, when it started was more technical in nature. Since this pullback started on NOV 23, there have been warning announcements from DOW components, and increased impeachment fears, which fueled the selloff after it started.

Im really dont follow the impeachment hearings, so I cannot really give a good response as to why it is now raising its ugly head.

However, if there is an impeachment it should be a negative for the market. If Clinton is impeached, the market will be reminded by the media of what happened to the market after NIXON was impeached, and they will probably do a special on CNBC on that.

Im not guessing if CLINTON gets impeached or not.

Seeya

Seeya
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