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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 659.00

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Nov 21 4:00 PM EST

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To: StockOperator who wrote (3208)	1/3/1999 9:02:00 AM
From: Debra Orlow	Read Replies (1) of 99985

Be concerned if you see these stocks closing at the END of the trading week at their lows (with heavy volume) This is one way to view weakness, but it is not necessary to have heavy volume on the downside to show a reversal (altho it IS a nice confirmation). You can bet that the smart money has gotten out before this (it's called distribution). For the first part of any rally to be believed, volume is a must. It is not the same for the first part of a downtrend. My opinion and experience only. Debra

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