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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 659.03+1.0%Nov 21 4:00 PM EST

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To: StockOperator who wrote (12033)4/26/1999 1:28:00 PM
From: donald sew  Read Replies (1) of 99985
 
SO,

At this point right now, rates are of course key, but what I am trying to say is that they are in direct correlation to each other.

The DOW was selling just a little at 12:15 and the interest rates started dropping. This pattern started last week, but it is so fine now that it is happening on a intraday basis.

I also mentioned in my index update of the positives in the market,
but the point of my message was how tight the two are moving together.

My conclusion is that if rates do climb there will probably be an immediate reaction from the stock market to the downside, and vice versa. Im not talking about a few days, but almost to the minute.

Reread my previous post, it was not to argue if the market was to go up or down, but to high light how close the rates are now moving with the stock market.

seeya
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