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

To: Rock_nj who wrote (83413)	9/22/2002 3:57:01 PM
From: Tom Pulley	Respond to of 99985

Rocknj, You may be right, an attack on Iraq that got messy would push the market lower for awhile. At this point, there is little doubt in my mind that the market has long ago assumed there will be an attack on Iraq and discounted that event. But, I suppose if America had a much tougher time than in 1990, the markets might react negatively. On the other hand, IMHO a more likely scenario is that there are a lot of people who don't want to buy at this point until they see what will happen with Iraq. Under that assumption, as soon as America attacks Iraq and all appears to being going as planned, the market is likely to surge upward. Tom