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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 679.70+0.7%4:00 PM EST

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To: Challo Jeregy who wrote (32285)11/4/1999 7:15:00 PM
From: pater tenebrarum  Read Replies (1) of 99985
 
Challo, one more thing: i noticed that on the NYSE, both today and yesterday, the tick was negative for the better part of the day. considering that volume was very heavy, that may have been an early warning sign that some distribution is taking place. also on both days we had a period late in the day where the S&P futures hit a sudden air pocket...a sudden, inexplicable drying up of bids i am told. i don't know if it means anything, but i found it a bit strange in the midst of the euphoria. one more thing: utilities and transports once again begin to diverge negatively. too early to say if it's meaningful, but an eye should be kept on that as well.

regards,
hb
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