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Strategies & Market Trends : Trading SPY and DIA for Fun & Profit

SPY 681.89

+0.3%

Oct 31 5:00 PM EST

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To: Satyr who wrote (15)	1/21/1998 9:20:00 AM
From: James F. Hopkins	Read Replies (1) of 130

Satyr; Looks like Dow is goung to get hit with big drop in IBM, S&P futures down farily strong, ah and the bond is up, norm that drops interest rates and helps stocks but I noticed two weeks ago that had reversed or inversed..and was working backwards Europe is all down, Asia Mixed , but more downs than ups. Looks like you peged the last breath rally yesterday.. ----------- All in all I'm somewhat bearish on the market, but not a lot I know its overpriced but that doesn't always stop it from going up. It sure has tried to claw it's way back. Only once in the last month have I seen it buck the futures when they were down this strong. --------------------- Also overnight looks like Japanese did a small short on the Dollar, and the dollar is down not strong but enough to mess things up as it happened fast while we slept. .66% off of the yen. I can't picture all the shorts covering after 2pm yesterday, looks like who didn't may not have to today. Jim

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