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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 680.28

-0.5%

4:00 PM EST

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To: John Pitera who wrote (4798)	1/28/1999 2:50:00 AM
From: James F. Hopkins	Read Replies (1) of 99985

John; re > so if January 8 was a major top << you said a lot to hedge...hell IT was a top.. In fact Nov23 ended the REAL money..it's been margin since then. just watch biz.yahoo.com and if SPAM can't keep it down to or below 4-3/4 , then they can't hold the margin. --------------- biz.yahoo.com you see what happened today is in the above. They expected help and didn't get it. ----- it's not that complicated we are south bound unless the FED lossens up some more. ( & don't bet on it ) Don't forget LTCM..and why the FED helped out, well they likely unwound most of that by now. Jim

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