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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 671.91

0.0%

Nov 14 4:00 PM EST

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To: Terry Whitman who wrote (10186)	4/7/1999 9:10:00 PM
From: bearshark	Read Replies (3) of 99985

Terry: For the first time since early October 1998, I am bearish. Tomorrow's early trading will be very important for me. We need high volume for a move up from here. Here is what I was ready to post before I saw your note. Block Moneyflow figures in millions. INDU stocks +455.3; SPX +93.6; RUT -190.7. Of the INDU stocks, three were the top three for positive moneyflow. C +205.8; T +156.2; and IBM +153.2. Of the INDU stocks, two were among the leaders for negative moneyflow--MO (of course) -51; and UTX -42.8. So of these 5 leading INDU stocks, their net positive moneyflow was +421.4. The individual stock moneyflow appears to include both non-block and block. The total positive moneyflow for the INDU stocks with block and non-block numbers is +664.0 About the first 60 points of the rally in the INDU today was accomplished with declining volume exceeding advancing volume on the NYSE. That simply bolsters the above numbers. And the above numbers, now provide meaning to the chart below which is as ugly as ever. decisionpoint.com

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