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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 670.21-1.1%Nov 6 4:00 PM EST

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To: pater tenebrarum who wrote (16333)6/7/1999 7:54:00 PM
From: bearshark  Read Replies (1) of 99985
 
Heinz:

At the end of the day, I was on the way to getting a short term sell on the INDU. However, the brief jump turned it flat. I also noticed a good deal of dumping of stock in the last minutes of the day. It can be seen in the closing ARMs of about 87 from the 60s. ( I still have to check everything but that is what I saw at the end of trading.)

I did not find out about all the internet conferences until yesterday. That will provide rah-rah for some time. I think we saw some of that today. I agree about the volume. This is a Monday though. In the old days, Tuesdays were called institutional Tuesdays because they did trading then. So maybe the volume will pick up tomorrow morning.

We had 85 million shares in the first half-hour so I would not buy a rally with that lousy volume. So I sat all day. Now I have to look over the day's trading. I have a feeling that I am going to have mixed signals.
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