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

To: bearshark who wrote (17811)	6/18/1999 7:29:00 PM
From: bearshark	Read Replies (2) \| Respond to of 99985

Below is the Moneyflow chart taken from the WSJ-Interactive for today. Pay special attention to the moneyflow for yesterday in the SPX. Also note it in the INDU. Then compare it to that of today. This morning in the first few minutes 200 million shares on the NYSE unwound. This week was almost entirely distorted. There were hints that the up-week would come last Friday and Monday morning. However, after that I could not read the market at all. Below is a good example why. Money Flow Uptick vs. Downtick Trading by Dollar Volume Thursday, June 17, 1999 MARKET Today Previous Day DJIA* +82.6 +116.0 Blocks -54.5 +483.6 DJ Global-US* +322.1 +486.2 Blocks +6.3 +1,987.5 S&P 500* +349.3 +443.9 Blocks +91.4 +2,089.9 Russell 2000* +15.2 +45.0 Blocks -7.4 -44.2