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

To: Gersh Avery who wrote (17875)	6/18/1999 11:48:00 PM
From: Vitas	Read Replies (1) \| Respond to of 99985

Gersh, if you think those figures are ugly, GE had negative tick money flow of -314.7. That kind of figure is usually associated with a major stock plunging 10%+. Could be an options day aberration...we'll find out soon enough. Vitas

To: Gersh Avery who wrote (17875)	6/19/1999 6:36:00 AM
From: bearshark	Respond to of 99985

Gersh: These are not meant to be bearish or bullish. What they do show is turmoil related to the January, March, June option expiration cycle. The first one shows Thursday and Wednesday (previous) numbers. Message 10183707 If you look at Wednesday numbers you will see very high positive moneyflow in the SPX. Although we had a strong up-day Wednesday, these numbers are large. Then on Friday, you will see the opposite. Message 10184163 Take a look at the block numbers for Thursday (previous). They are lower than the non-block. The non-block numbers are leading the way. So we had this inconsistency between non-block and block on Thursday. Then on Friday, we had 200 million NYSE shares dumped in the first few minutes of trading. Look at the ending numbers for Friday on the SPX. We had a generally up market and negative moneyflow. This is expiration related action. The action of normal markets is generally consistent. There is an ebb and flow of action. It is a rhythm. After years of looking at this action, I use it to tell me what is going on in the market. After this Monday morning, I did not have a clue about what was happening. This had to be caused by atypical patterns in trading. That is borne out by the moneyflow numbers. So, I do not trust what happened this week as an indicator of what will happen next week. I have no clue about what may happen. On the other hand, I use the NYSE numbers on my spreadsheet. These have moved from bearish to neutral. They could be bullish by Tuesday. However, I will evaluate the action as it unfolds because of this week's distortions.

To: Gersh Avery who wrote (17875)	6/19/1999 12:53:00 PM
From: Haim R. Branisteanu	Respond to of 99985

*OT* For Gersh PRODIGY (R) interactive personal service 06/18/1999 5:17:49 PM QUOTE TRACKsm Track Name - PDL1.TRK Mkt Stock Last Change Open High Low Volume ID -------------------------------------------------------------------------------- CWZ 48 1/16 +1 9/16 47 3/8 48 1/8 47 3/8 300000 NN 28 5/8 +9/16 28 28 5/8 27 9/16 709200 NOK 86 1/8 +2 1/4 85 1/4 86 1/2 84 11/16 2116200 TI 100 7/8 +3/8 100 1/4 100 7/8 100 89700 ROS 9 1/4 +1/8 9 1/16 9 1/4 9 104800 TBH 89 3/4 +1 7/8 88 1/16 90 13/16 87 9/16 1947500 TNT 3 15/16 +1/16 3 3/4 4 3 11/16 171700 AVX 25 7/8 -1 1/16 26 11/16 26 11/16 25 1/2 95400 BLDP 32 5/16 -7/16 32 3/4 33 32 1/4 29000 Q ERC 12 1/4 +5/8 11 3/4 12 3/8 11 3/4 4000 EWJ 12 7/16 -3/16 12 7/16 12 1/2 12 11/32 481800 EWM 6 3/4 0 6 13/16 6 7/8 6 11/16 87500 EWH 12 5/16 -1/8 12 3/16 12 7/16 12 3/16 18400 KOR 22 5/8 -3/16 22 15/16 22 15/16 22 5/8 11300 HOT 30 7/8 -1/16 30 15/16 31 3/16 30 3/4 310200 MAG 9 5/8 -1/8 9 5/8 9 5/8 9 1/2 229000