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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 695.560.0%4:00 PM EST

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To: Jerry Olson who wrote (24317)8/31/1999 9:51:00 PM
From: Matthew L. Jones  Read Replies (1) of 99985
 
I'd put my odds on a gap and trap at tomorrow's open. Way too much smart money came in at the close. I've never seen the DOW move 18 points after the MOC orders were executed. And it moved down! I'll bet the CNBC puppets are hyping the bull case in a major way tomorrow morning. I'll probably have to exercise self restraint to keep from following the flock to the slaughter. Big money didn't get to be big money by being stupid. Just my hunch. Matt
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