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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 659.00+1.0%4:00 PM EST
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To: dennis michael patterson who wrote (11777)4/22/1999 9:46:00 AM
From: donald sew  Read Replies (1) of 99985
 
Hi Dennis,

For every one point move in the DOW, I believe the DOW moves about 4.3 points. So when IBM opens, by itself it could push the DOW up about 80 points.

Right now the DOW(not including IBM) is flat while the NAZ is up 64, so that is an example of money rotation, not to the extremes we saw recently but still rotation.

Dont think the DOW will get to 11,500 in this timeframe prior to JULY
on the back of 1 DOW stock.

seeya
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