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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 671.93

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Nov 14 4:00 PM EST

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To: Stephen M. DeMoss who wrote (73370)	3/28/2001 1:35:36 AM
From: Psycho-Social	Read Replies (1) of 99985

Positive Market Reaction to Improved Consumer Confidence: Since the fall of '94, there have been 7 instances where the Market was either negative going into the end of a quarter on a YTD basis, or went YTD negative early in the new quarter. In 6 of these cases, the Market rallied into quarter's end, then sold off. # 7 was essentially neutral. Money Mgt firms, Brokerage firms and Mutual Fund companies have a common interest in making those YTD #s on quarterly statements look as good as possible. Through news management and incremental buying of shares of companies they already own, they are pumping up share prices for the quarterly statements. If prices had stayed at their lows of last week, the YTD losses would have been some of the worst of the past 10 years.

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