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

To: HairBall who wrote (21311)	7/28/1999 4:59:00 PM
From: James F. Hopkins	Respond to of 99985

Lg ; It does look like they have set up another gap down for the AM , but I didn't get short. I have nibbled on a few that I'm not to concerned about and I'm just about 85% long , but over half of that is in bonds. And I have plenty of margin to short with , but half way expect tomorrow to repeat today, down early then up , like you said it don't have strong legs but I see it building them at least for a run back close to her highs. Unless the dollar gets Hit some more ! We can take .36% off the gains made today thanks to the dollar dropping so really on an adjusted global basis the S&P and OEX were also down today , yet the more popular stocks ran up over 2% and that's a plus. Jim