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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 683.47+0.6%Nov 28 4:00 PM EST

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To: Michael Watkins who wrote (48608)4/29/2000 12:49:00 AM
From: IndexTrader  Read Replies (1) of 99985
 
Hi Michael,

From what I have read, Soros has already sold his Tech. Some are saying this is what exacerbated the recent sell off in the NASDAQ. Apparently he bought into one of the earlier dips and then dumped everything as the selling progressed. So, if true, this should be bullish for the Naz.
What is your read on the sluggishness of the S&P today. As some mentioned before, Trin was quite high as was Tick. At the end of the day Tick spiked up to 700+ as Trin hit 1.98...kind of unusual.
Thanks, Michael
Susan
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