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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 652.53

-1.5%

Nov 20 4:00 PM EST

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To: Dragon 1 who wrote (2600)	12/22/1998 11:28:00 AM
From: RealMuLan	Read Replies (1) of 99985

From Briefing.com: 11:25 ET Dow -4, Nasdaq -17, S&P -4.57: S&P may be going on hold for Fed watch now...at least, the indices stabilize for a while...there is a very strong consensus that the Fed will not change policy by moving the current Fed Funds rate target from 4 3/4% after the easings of October and November...announcement likely at 14:15 ET...there is some talk that the Fed might ease at the next FOMC meeting in February, but that is a minority of Wall Street economists at this point, and a lot could happen between now and then...SOX semi index -8 comes back a bit.

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