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

To: HairBall who wrote (22465)	8/8/1999 8:48:00 PM
From: Dragon 1	Read Replies (1) \| Respond to of 99985

Hi, LG. One thing I need to ask you about: did Don Sew stop posting the index update even for the weekend? thought he stopped doing that daily but would post one on every Sunday evening. Regards

To: HairBall who wrote (22465)	8/8/1999 8:50:00 PM
From: James Strauss	Read Replies (1) \| Respond to of 99985

The Market... LG: Interest Rates is the major market moving factor followed by Earnings... After the August Rate cut the Dow should have given a Dow theory sell signal if it moves below 10,400... Then we get some panic selling that could take the market down to the 9500 - 9600 area on big capitulating volume... Then I expect the Dow to mark time until the last 1/4% rate cut, at which time the market should enter an explosive relief rally to celebrate the end of the rate cuts and a possible anticipation of end of year rate cuts... This will happen when many are scratching their heads at the remarkable turnaround that few believe is real... Jim