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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 665.67

-0.9%

Nov 17 4:00 PM EST

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To: pater tenebrarum who wrote (23004)	8/13/1999 6:35:00 PM
From: McNabb Brothers	Read Replies (3) of 99985

heinz, The most interesting thing I saw and heard today was the fact the volume was so light which IMO is not too bullish. CNBC even mentioned that it took a very long time to trade a big block of IBM stock, which I believe they said it took about 20 minutes when on most days it would have only taken just a couple of minutes. Makes me wonder if there were not very many buyers for IBM at the time why it held up so well? One other note of caution was the new high and low's in which the new low's far out numbered the new highs. The internals are very very weak and in due time the internals and the fundamentals will catch up with the market, or should I say the market will catch up with them! OT, if you do not mind me asking, are you an US citizen and what do you do for a living. Thanks for all your post for I read everyone and usually agree with you most all the time. Hank

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