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

To: fedhead who wrote (20560)	7/20/1999 1:55:00 PM
From: pater tenebrarum	Respond to of 99985

Anindo, fundamentally, the link is largely determined by the issue of international capital flows - if the dollar sinks, foreigners are bailing out of U.S. financial assets.

To: fedhead who wrote (20560)	7/20/1999 1:59:00 PM
From: pater tenebrarum	Respond to of 99985

just look at the charts of the SPX and the dollar index and you will notice a high degree of correlation. regards, hb

To: fedhead who wrote (20560)	7/20/1999 2:02:00 PM
From: pater tenebrarum	Respond to of 99985

here are some links: decisionpoint.com and decisionpoint.com

To: fedhead who wrote (20560)	7/20/1999 4:40:00 PM
From: James F. Hopkins	Respond to of 99985

Anindo; If you will look back at last years market correction it will become clear. The market dived 19% by our standards, at the same time the dollar fell 8% , Foreigners saw a total of a 27% correction. The international investment banks do currency swaps ( and work like a brotherhood ) they see and work our market volatility via the move plus the dollar move, and I'm convinced CreemSpam plays up to them. So they work this volatility and for them it's lot more than for the average trader, in fact to some extent they create the volatility. It's one of the reasons I have long advocated a TOBIN tax on currency swaps, there is very little about this market that is honest but get use to it, it's been that way as far back as I can look at it, and about the time we get some rules in they find another loophole to bleed the so called investors. Even the indexes are window dressed. Jim