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

To: Crimson Ghost who wrote (46410)	4/15/2000 3:04:00 AM
From: john rieck	Respond to of 99985

George, if a major mmfund did break the buck, what impact do you think it would have on financial markets? they are almost universally viewed as safe-havens.

To: Crimson Ghost who wrote (46410)	4/15/2000 3:48:00 AM
From: Michael Watkins	Read Replies (1) \| Respond to of 99985

George, Re breaking the buck, I'm watching this very closely. The consolidation that has been on-going for several weeks will resolve one way or another fairly soon. Friday indication was down, making a small incursion below a multi-day trading channel, but too small to be significant just yet. If it does move, how it handles support a couple of cents below will be telling. If it moves below 105.63 and sticks, then short the buck is the plan in the near term at least.