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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 665.67-0.9%Nov 17 4:00 PM EST

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To: Casaubon who wrote (15824)6/3/1999 9:11:00 PM
From: James F. Hopkins  Read Replies (1) of 99985
 
Well I focus mostly on the indexes,
and don't know how it would work for a stock.
The Tick is for NYSE..
and in watching that the S&P and NYSE normal respond to it
fairly fast, like your almost always to late to get short
after the tick goes down.. but there are times that sucker will
ease on down and steady ease down BUT the INDEXES go UP
so how do they go UP ..<G>
but if ur not looking at the time, it's hard to catch when you
back track , I need to get me a china marker to use on my
my screen. <G>
Every one is jumping bearish, and that will stall a fall, too
many shorts and the specialist will run a squeeze, so we need
an up day to shake out the weaker shorts.
They guys in NY can see the stop loss orders and will grab
them over and over , the market falls when most people have
stopped shorting.
Jim
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