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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 687.86-0.4%4:00 PM EST

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To: HairBall who wrote (53311)6/7/2000 8:18:00 PM
From: UnBelievable  Read Replies (1) of 99985
 
Thanks for the Charts and Comments

The comments on the charts and your elaboration in the message are very helpful for me to get a clearer idea of what you are seeing. I appreciate the extra effort which marking them up takes.

I am looking forward to your return on a "real time" basis.

A few questions when you get a chance:

(These questions apply mostly to the NASDAQ)

In your opinion, has the degree of market manipulation increased over the last few years? Do you take the "possibility" of such manipulation into account when you draw or interpret your charts?

It seems that a large part of the price movement recently derives from Gaps and the first and last 30-45 minutes of the day. During the day MM's seem to resist adverse price movement by widening the spread (Particularly on issues trading under 2 Mil SS per day).

Would you comment on my conclusions and indicate what, if any, are the implications in the short and long term?

What happens next?

I have a couple more but will hold them since you are on vacation. <GG>

(OT) I hope your new systems are coming together. Did you keep three of the monitors?
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