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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 671.91

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Nov 14 4:00 PM EST

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To: Jon K. who wrote (1969)	12/15/1998 8:55:00 PM
From: Gersh Avery	Read Replies (1) of 99985

Hi Jon .. At this time I see tomorrow up .. S&P futures say up at the open and currency futures say follow through for the balance of the day. I'll reconfirm that for you in the AM. Thursday .. I suspect that the head counters have it pegged that Clinton impeachment vote will go in his favor .. if he wins the rest of the week will be rally time .. if it doesn't then this market will tank bad. Friday .. I would expect a slight reversal of Thursdays action .. whichever way that will be. As an option expiration day the final day has always seemed to me to confine the damage to the market makers and cause the most pain for option buyers. This is done by keeping things as flat as possible. In this case that will be to reverse (partially) Thursdays direction. The main movement day will be Thursday as a result of the impeachment vote. At least that's the way it seems to me. Regarding your TICK questions .. Each sale of stock contributes to the cumulative tick. The size of the sale does not matter for tick. Because of this you could have one hundred sales of the stock where each sale was for only 1 share each and then 1 sale of 10,000 shares. If each on the single share sales was a downtick and the 10,000 share sale was an uptick there would be a sizable negative cumulative TICK reading even though the 10,000 share transaction would have a much greater impact. Gersh

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