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

To: Les H who wrote (31510)	10/26/1999 7:40:00 PM
From: Benkea	Respond to of 99985

Les: I agree that Greenie will put the bulls' "organs" in a vice if the market rallies into the OMC meeting, but I highly doubt he will lower no matter what the market is doing.

To: Les H who wrote (31510)	10/26/1999 9:17:00 PM
From: dennis michael patterson	Read Replies (1) \| Respond to of 99985

thanks Les. Rates look to be headed up. Wish my gold would head back up.

To: Les H who wrote (31510)	10/26/1999 11:36:00 PM
From: Lee Lichterman III	Read Replies (2) \| Respond to of 99985

>>>if market rises too much, Greenspan will raise rates. If it drops, he will lower rates.<<< He has to be kidding !!! If AG dropped the rates, the Bond market would crucify this market as it would literally collapse. They are already voting no confidence, if GA dropped teh rate, I doubt the TYX would be below 10% within a week. No kidding. The Bond market wants to see a rate hike and would prefer to see two hikes. AG will raise I have no doubt what so ever. My only question is if he raises only a 1/4, will the market be relieved and thnk no more are comning and rally or will it be 3 raises and a drop. So far, those I have asked fell that it will be a drop. I still tend to think that we will rally first then drop BWDIK. Good luck, Lee