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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 659.00

+1.0%

Nov 21 4:00 PM EST

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To: Vitas who wrote (17630)	6/16/1999 10:28:00 PM
From: bearshark	Read Replies (1) of 99985

Vitas: Take a break from the days; let's talk volume. On the NYSE today, there was an increase of 91 million shares over yesterday as of noon Eastern. For the next 4 hours, today's volume was 15 million greater than yesterday. Today's volume was nothing on the NYSE anyway. Check out the moneyflow on the WSJ-Interactive. You will find extraordinary moneyflow today. You will also find similar moneyflow for 3/19/99 and 1/21/99. If I calculated the dates right, they were expiration week dates. I went over my spreadsheet tonight and looked over the next 10 to 15 trading days. If everything stays neutral, I will have another turning point during the first full week of July. The interesting thing is that there should be absolutely no ooomph behind the turning point. Things could change if the money made its presence felt. For now, it looks like we are going to flop around here.

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