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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 665.67-0.9%4:00 PM EST

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To: American Spirit who wrote (36632)1/4/2000 5:48:00 PM
From: KM  Read Replies (1) of 99985
 
Another reason, or "Don't Spend Them Short Profits Just Yet"

Jon Olesky, head of block trading at Morgan Stanley Dean Witter, pointed out that the seasonal money flow -- pension money, retirement account money, bonus money -- has been delayed because of concerns over Y2K. Olesky said he believes the market will start to see that money dynamic next week and the week after.

Olesky said he has the sense that next week you could see a totally different market, volatile on the upside instead of the downside

www.thestreet.com "Market Roundup"
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