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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 659.00

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4:00 PM EST

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To: Compadre who wrote (12511)	4/30/1999 1:09:00 PM
From: bearshark	Read Replies (1) of 99985

Jaime: Thank you for the nice words. I think when I began my tape-reading post the INDU was up 60 points now it is negative. However, this is the mid-day market move which is often unreliable. One possible thing to think about over the next few weeks is the volume vs. the issues. Volume should drive issues. However, issues have been driving volume. This is not right either. So if you are a follower of the ARMs, you will see the end-of-day ARMs over 1 when the averages were up over the last two weeks in a number of cases. That should not happen. I looked over several years and could not find a good precedent for it. That has to be resolved in the favor of the volume. A good healthy decline would do it. When you couple that with the wild trading and volatility in the INDU stocks, it is something to be concerned about. I can go on but I may scare myself.

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