MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 662.63

+0.4%

Nov 19 4:00 PM EST

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To: Gersh Avery who wrote (10136)	4/7/1999 1:25:00 PM
From: Stephen	Read Replies (1) of 99985

Gersh, my intradays are also deteriorating ... but have held up well so far. My expectation is that the current strength is for trading purposes only & that positions will be closed before end of day just in case CPQ or HWP warn. Still don't see the big guys selling from what I monitor ... unless they are doing it very sloooooowly into any strength. I usually like to watch individual issues but haven't been able to today. I haven't understood the continual comments from CNBC that the lack of warnings from big tech names has let the buyers plow-in (technical term). My understanding is that the ones under scrutiny were all dependant upon heavy back-end business ... so its more likely they would announce closer to the earnings than during the beginning of the window. Regards Stephen

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