MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 694.04

+0.7%

Jan 9 4:00 PM EST

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To: OX who wrote (48581)	4/28/2000 4:47:00 PM
From: John T.	Read Replies (1) of 99985

Jack -- What sort of positioning do you theorize that large traders are making for next week? Are they selling "old economy" stocks to buy "new economy" stocks? El Paradiso -- Regarding the possibility of a gap up Monday: Are you talking about the NDX/NASDAQ Composite or the INDU/S&P? As a side point, in the past I've seen the INDU/S&P/OEX break below the bottom of a rising wedge before and then rally straight up through the top of the wedge. Of course, this type of action surprises everyone. We'll just have to wait until Monday.

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