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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Chip McVickar who wrote (16304)	6/7/1999 12:37:00 PM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 99985

If it's not one thing, it's something else....." - - - Rosanna Rosannadana GZ

To: Chip McVickar who wrote (16304)	6/7/1999 12:52:00 PM
From: Michael Watkins	Read Replies (1) \| Respond to of 99985

I agree the .25% is factored in.... I believe that many in the market believe that the .25% is factored in, and that many in the market will expect nothing more than a short term downward blip on the news of a hike, followed by resumption of 'business as usual'. However, I also believe that many in the market have not yet cast their worry beads towards thinking about subsequent rate hikes. I feel that particular worry is not yet factored in to todays prices, and will serve as the catalyst for the capitulation day some of us are looking for! Michael