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

To: Haim R. Branisteanu who wrote (23656)	8/23/1999 7:14:00 PM
From: TWICK	Read Replies (2) \| Respond to of 99985

Haim or anyone, what should I read into the Globex feed ? I've never paid much attention to it since it does not give any real indication of what the next trading day is going to be like. My J6P friends are big fans of this Globex web site, and many plan their trades based on its actions. Not sure if it's because the numbers actually change constantly, making my J6P friends think that the market is alive after hours, kinda like the quote.com live chart that many think posts actual after-hour trades. They always appear to be out of sync, or canceled trades if anything. lol !! GLOBEX PRICES AS OF 08/23/99 05:55 PM TRADE DATE: 08/24/99 cme.com CONTRACT LAST NET CHGE S&P 500 SEP99 1366.90 +70 E-MINI SEP99 1367.00 +75 DEC99 1381.50 UNCH NSDQ100 SEP99 2400.00A +50 E-NASDAQ SEP99 2400.00 +50 GSCI SEP99 181.75P ----

To: Haim R. Branisteanu who wrote (23656)	8/23/1999 7:16:00 PM
From: pater tenebrarum	Respond to of 99985

Haim, the market's internals as well as the various indices also have seen substantial divergences develop in the course of the move from the october low...that hasn't stopped the market from going higher though. i would argue that the bubble will likely expand further before a meaningful top is reached. to find a modern day equivalent of the current stock market mania simply look at Japan in the late eighties - the Nikkei survived rising rates for quite a while before it suddenly decided to cave in. why should the SPX, Dow & NAZ be any different? btw, from the market's reaction to coupon passes one would think that the newly created liquidity finds it's way into the market without delay. TrimTabs and AMG show that inflows remain strong... regards, hb