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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 662.63+0.4%Nov 19 4:00 PM EST
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To: James F. Hopkins who wrote (15387)5/30/1999 3:25:00 PM
From: James F. Hopkins  Read Replies (2) of 99985
 
To ALL; If you want an idea of what will happen Tuesday..then
take a look Monday at these..
finance.yahoo.co.uk
-----------
It's my contention that local money flow data has left out the
fact that the Dollar is climbing and that Foreigners are the
biggest sellers of our blue chips, ( they are getting a 5% to
6 % premium via the dollar going up ) .
---------
You can also thank Creemspan for bailing out his investment banking
fraternity friends last summer on the LTCM fiasco.
Don't say he bailed out LTCM..as that was not the case
It was the investment bankers that got all of LTCM's assets
and them who he not only bailed out , but filled their cookie
jar with his insidious 3 rate cuts in a row.
Jim
Meanwhile watch the blue chips in Europe , and keep an eye
on the dollar. Try to picture an S&P not just at what it's trading
for in dollars but where it would be adjusted to changes in
the dollar index. It is a global market.
stockcharts.com

Keep in mind most of the gains we saw from OCT to FEB were at
the expense of the Dollar..and that from FEB till now the
Foreigners are seeing a better market than we do and
are taking profits if you can call it that, as some of them
had to hang on for dear life , and dollar adjusted the S&P is
only up 8.3% from were it was almost a year ago & before
the LTCM fiasco ...and it looks like it's going to take
some of that gain back .
----------
Jim


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