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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 683.38

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Nov 12 4:00 PM EST

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To: Les H who wrote (20293)	7/17/1999 12:47:00 AM
From: James F. Hopkins	Read Replies (2) of 99985

HI Les; Well I didn't see the MMs go short, at least not yet, last year I caught them going short big time just before the down turn. If you look at the futures you'll see them as having gone up but thats from the previous close, they are deep in program sell mode at this time. Unless some one buys heck out of the futures before the open Monday we will get a dip, that dip has a chance of upsetting the apple cart as there is a lot of stock going to be assigned to proud call buyers tomorrow, do they have the money to keep it ? The dollar is falling, 22 IPOs coming to market , and a slew of new bond issues, the bulls are going to need some cash this coming week will CreemSpam help em out ? Jim

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