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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 690.270.0%Dec 26 4:00 PM EST

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To: Tom Pulley who wrote (83248)6/27/2002 5:00:07 PM
From: Patrice Gigahurtz  Read Replies (1) of 99985
 
I'm down as of yesterday's close -(4.6)% as I averaged bought into the into the Naz index starting at 1462. However, I held off averaging into the S+P index until last week, and did some more this week. When the latter dropped below 1000 I thought that to be a screaming buy. What's this curious thing about 3:30pm EST, thats when the program buying comes in (I guess) ?, but why 3:30 pm EST ?

That stronger than estimated GNP at a tad over 6% was stunning as most people thought the GNP would be less than est awhile ago.

Thanks
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