MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 660.19

-0.8%

4:00 PM EST

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To: yu who wrote (26565)	9/21/1999 4:11:00 PM
From: Matthew L. Jones	Read Replies (1) of 99985

I don't know about the stocks that you all were watching today, but at the close I saw large buy orders in several stocks. MOC buys. That doesn't support the two day slide theory IMO. The market had very light volume and the selling was pretty well "small money". Put that with the buy on close orders I saw and I am inclined to believe we gap up tomorrow. Think about it, we got hit with AAPL, BOJ, and an earthquake and the NAZ loses 65?? If that is all we drop on that kind of negative news (and that with no volume) I have to believe we go up from here a little further. Matt

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