MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 672.04

-1.7%

Nov 13 4:00 PM EST

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To: Daniel Joo who wrote (14382)	5/19/1999 5:28:00 PM
From: Compadre	Read Replies (2) of 99985

Daniel: The volume has been up on an up day. More than that it has been very heavy when the markets rallied in the last hour today. That is a sign of accumulation. And there is evidence that this is widening out as the NYSE volume also increased. It may be suspicious to many people but I see this as evidence that (at least the NAZ) will go higher. Option expiry may skew things so take it in that context. If we go up again tomorrow, and the volume again increases, I will be sure that this is the case. Lets hope for the best (if you are long -gggg-). Regards, Jaime Jaime

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