MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 674.96

+0.9%

Nov 25 4:00 PM EST

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To: HairBall who wrote (4879)	1/28/1999 11:15:00 PM
From: j g cordes	Read Replies (1) of 99985

LG.. Japan up nicely, EU has gone smoothly so far, Brazil's currency worries seem to have strengthened a little on Hong Kong's (China's) taking a tough stand on devaluation serving no productive purpose. A few days ago I was seeing a correction need to 8600- 8780 range but if overseas markets continue without major distress, we should stay in this upper range into February 10 time frame. If overseas markets rally appreciably, in particular the Japanese as its so depressed, there will be a little pressure on the dollar putting a slight upward pressure on interest rates to 5.3 allowing some gains in steels, metals, food. The spillover from the internet mania is pumping up media companies especially those whose delivery resources can effectively merge content and customer bases. Jim

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