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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: donald sew who wrote (17222)	6/14/1999 11:29:00 AM
From: James F. Hopkins	Respond to of 99985

Donald; So far today I'm just seeing a sort of trading range with no real swings to exploit. Just enough up and down that the MMs are like jerking on the line like fly fishing hoping to bait some fish into trading. I'm about ready to take the day off, may look back in about 2:30 to see which way the fundies want to skew their Navs, ----------------- I'm now convinced that a lot of the late trading is by fundies who if they see inflows buy the market up even using margin but if they see outflows they sell or short it down, this has the effect of placing a hidden front end or exit charge on the fund switchers any day there is very much of it. I have a feeling we are just bobbing in the water but not really going anywhere for a few days. Jim