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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 671.93

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Nov 14 4:00 PM EST

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To: James F. Hopkins who wrote (14449)	5/20/1999 7:20:00 PM
From: James F. Hopkins	Read Replies (1) of 99985

To All; Program trading NYSE May 10-14 program trading averages 17.3 pct NEW YORK, May 20 (Reuters) - The New York Stock Exchange said Thursday program trading averaged 137.2 million shares a day, or 17.3 percent of its average daily volume of 793.5 million shares for the week of May 10-14. Program trading accounted for an average of 17.1 percent of average daily volume of 870.6 million shares for the week of May 3-7. Of the 137.2 million shares daily, buy programs accounted for about 59.6 million shares of the daily average volume, while sell programs accounted for 77.6 million shares. My note ; the above figures don't add up, but Reuters is always good for crummy news; the best I can figure is that the precentage of buys to sells is for the week of 10-14 --------------------- At any rate It's distribution, and J6pack is buying them up.. We may have a little more wind left but with Big money selling 77.6M for every 59.6 million they buy I suspect next week will send a message to the newbie market is going to make me rich bulls. Jim PS I do Hope for a strong bounce tomorrow.

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