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Strategies & Market Trends : MDA - Market Direction Analysis

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Nov 14 4:00 PM EST

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To: StockOperator who wrote (6026)	2/10/1999 11:32:00 PM
From: Cymeed	Read Replies (1) of 99985

<<< Ralph Accampora alone has gone from a raging bull to bear all in a few shorts weeks. >>> <<< Interest rates jumped again today. >>> Ralph Accampora in his recent notorious comments used FNM (Fannie Mae) stock price as the barometer indicator of future interest rates. He said interest rate is likely to go up if FNM breaks down. Did anybody notice that FNM has made a perfect Head&Shoulder and appears going down currently? quote.yahoo.com Does this mean interest rate is really heading up strong and the bull run is at risk ? How valid is to use FNM as the barometer of interest rate indication? Comments are appreciated.

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