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

To: James F. Hopkins who wrote (393)	12/4/1998 10:30:00 PM
From: Patrick Slevin	Read Replies (1) \| Respond to of 99985

You are far more globally oriented than I, I could not possibly piece all of that together in concert with my approach. But then you have the more viable macro approach which makes a lot of sense. I guess I am looking for something that is a hit and run, a slam dunk, something that tells me that the posture of the Greenback as it is trading will definitely lead to a correction in the US equity market. Not to say that what you are postulating does not do that; just that a hit and run trader such as myself needs a quick read. It's very hard for someone such as myself to approximate where the buck should be with regard to global economics and then trade appropriately. I think that what you are saying is that the buck's price has to be taken in a perspective relative to global economies. In stark comparison to sophisticated traders I am only interested in what I can do in the next 15 minutes. I cannot pretend that I can figure out longer term trends based on the Greenback's intricacies. I can see it's an issue that requires a lot of thought.