MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

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To: el paradisio who wrote (45402)	4/8/2000 9:39:00 AM
From: Gersh Avery	Read Replies (1) of 99985

el paradisio .. Thanks for posting your thoughts here. New forms of TA have great value, IMHO. Older, existing forms tend to be blunted. As more folks rely on a certin style those people form their own "heard" which tends to negate the resulting formations. If you have something new, I'd love to be reading about it. LG .. I think that the large volume on the down day would show as a accumulation day for you, correct? There had been excess supply of stock float that was weighing heavy on the markets. Then that Oil dude bought up tonns of stock and everything snapped back. Excess (at least some of it) stock now soaked up off the street. Japanese investors should be very pleased with the gain from last week. Postal bonds that matured found a portion of those monies going into US bonds. After years of only one or 2 percent interest, the same money had years worth of gain take place in one week. I would not be suprised to see more of that money move over this way next week. In addition some of it might start to move into US stocks. Europian flows seemed even more intent to find their way into US stocks last week. Price action during the last hour of Thursday and Friday sayz to me that 401k and IRA money has started to move back into the market. While we might be up against some resistance, there is a lot of money force pushing up right now... FWIW Gersh

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