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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 671.910.0%Nov 14 4:00 PM EST

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To: Benkea who wrote (32382)11/5/1999 11:24:00 AM
From: bearshark  Read Replies (1) of 99985
 
Benkea:

The morning opened with good volume--about 92 NYSE million in the first 15 minutes. Then it began slowing. By 11 AM, we had about 360 million. That will be about 450 million by noon Eastern. The last 4 hours should be about 400 to 450 million more. That is about 850 to 900 million shares.

This is good volume but I think a good move up needs a stronger start. However, I have been looking to the third week in November. Because of the high volume we are seeing now, I think the big move will be started on a 1.3 to 1.5 billion NYSE share day. Until then, I will be cautious but optimistic for a continued move up.
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