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

To: James F. Hopkins who wrote (21863)	8/3/1999 5:00:00 PM
From: dennis michael patterson	Read Replies (1) \| Respond to of 99985

I wish I had shorted the rally today. So much money is being burned up

To: James F. Hopkins who wrote (21863)	8/3/1999 6:27:00 PM
From: briskit	Read Replies (2) \| Respond to of 99985

Cap'n, tracking your MOMO %net vs SPX indicators, AOL has only once seen this kind of volume since January. In one 10 minute period today it traded over 2 mil shares, or $217,453,700. That's not chump change even if it is a fraction of LG's portfolio <gg>. Some serious distribution going on. All but 2 of your stocks traded above the 65 day average, & AOL doubled its ave. today. Talk about a short knee jerk. Whew, makes me thirsty thinking about it.