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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 683.83

+0.3%

4:00 PM EST

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To: James Strauss who wrote (23417)	8/19/1999 11:08:00 AM
From: Ms. X	Read Replies (2) of 99985

A brief comment from Tom Dorsey about the market. Everybody, don't forget this week is options expiration week. This volatility is normal. Also keep in mind that the average daily volatility is 100 points now so moves of 100 either way is normal. Short term indicator are firming up but I would like to get past this expiration week before any changes take place. Don't buy into market pundit articles on doom and gloom. Stick to the indicators. We have been on defense and remain so. That is all that is important. As these change we change. Let the indicators guide you not the newspapers. Tom

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