MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 659.00

+1.0%

Nov 21 4:00 PM EST

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To: Doo who wrote (45322)	4/7/2000 11:46:00 AM
From: Les H	Read Replies (3) of 99985

The pattern has been for a quick, violent shakeout early in the earnings reporting month in the last several quarters with volume peaking at that point. The volume would decline from this volatility. The secondary peak would be near the third week when the bulk of the bellwether techs report with the sell on the earnings commencing in earnest after that. The Nasdaq 100 had almost 1.2 billion shares traded on Tuesday. It would be very difficult to keep that pace. It's since dropped back to around 700 million shares per day, near its average trading volume. I think we're back on the Monday top/Wednesday low pattern for the short term.

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