MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 683.31

0.0%

Nov 12 4:00 PM EST

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To: bearshark who wrote (18573)	6/25/1999 2:18:00 PM
From: Lee Lichterman III	Read Replies (1) of 99985

I agree but they are reversing the TICK trend in this last 24 minutes. I don't day trade much but this is what I usually watch to see what they are up to ($TICK on quote.com set on 24 minutes). I think they plan on moving it up here for at least the next hour or so. Of course once the Bond market closes, then it is open season for them to scew things however they want. EDIT - They need to reverse the trend of the TRIN though or else the rise will not make it very far today. My gut only, no TA, says they want to move this back up before the weekend to reduce the scare factor for J6P. I doubt they want to break support levels before the weekend. If the market is really light, then the skewing will be even easier. Just a WAG though and like I said, I don't think I am going to trade it unless they give mew a real good price on the one I am watching for a scalp. I am about to just give up and go to the lake and relax until my beeper goes off. Double Edit - Just occured to me they could be upticking to get short for an end of day push down. Still don't think they want the DOW at the low of the Week for J6P but it is possible.... Good Luck, Lee

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