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

To: sean sanders who wrote (18866)	6/29/1999 10:08:00 PM
From: Benkea	Respond to of 99985

securitytrader.com

To: sean sanders who wrote (18866)	6/29/1999 10:26:00 PM
From: bearshark	Respond to of 99985

The volume on 6/18 was related to option expiration. About 200 million came in the first few minutes. So it would have been a slow day if it were not for option expiration. That volume was bogus. This looks like the real thing. If we have good volume tomorrow morning, then they probably will look at anything the FOMC does as positive. That will be a reason to rally. I am counting on this move to be worth at least 500 to 1,000 INDU points. If I was just going to guess, and that is all it is, I would guess that we go to 11,000, come back to 10,700 - 10,800 and then explode upward for the real move. However, markets never do exactly what you tell them to. If we have the good volume tomorrow morning, regardless of whether it opens down or up, it will come down to trading instinct and intuition to decide what to do.