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


To: pater tenebrarum who wrote (25056)9/7/1999 7:50:00 PM
From: Les H  Read Replies (3) | Respond to of 99985
 
The Level's The Devil - The Trend Is Your Friend

ntrs.com



To: pater tenebrarum who wrote (25056)9/8/1999 1:38:00 AM
From: Trey McAtee  Read Replies (1) | Respond to of 99985
 
heinz and ken--

it may be hard to believe but supporting the dollar may not be the initial reaction of the fed. a dropping dollar would cause the trade deficit to explode in the ST, but over time (maybe 3 months out) it would bring it down in a hurry. plus, dropping rates will allow the fed to say they have done everything they could to prop up equities.

i may be VERY wrong, in which case my bond play is going to become a LT position<G>. however, i just dont see any other way for this to play out.

good luck to all,
trey