MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 689.10

0.0%

Jan 23 4:00 PM EST

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To: Paul Shread who wrote (46380)	4/14/2000 11:00:00 PM
From: lawdog	Read Replies (1) of 99985

Very possible. I'm hoping for selloff Mon morning with rally Monday afternoon carrying into Tuesday. Naz high 3ks is not out of the question by options expiry. Something besides normal selling is behind the downturn today. Look at the Nasdaq intraday chart for today. Selling started almost immediatly after the open. Downturn continued until noon eastern when the market mysteriously stabilized at slightly under 3500. At 1PM Eastern the selling resumed an the market decreased in a step pattern until the close. This makes me think that a hedge fund(s) and/or mutual fund(s) was liquidated today.

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