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

To: donald sew who wrote (24350)	9/1/1999 9:01:00 AM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 99985

Donald first week after Labor Day is usually a strong up week. Will see how things will evolve. Another 1/4 point interest hike is already in the bond market. I just do not see any reason why the bull-dogs will not bark the stock market up, seasonality is with them. Haim

To: donald sew who wrote (24350)	9/1/1999 9:22:00 AM
From: Matthew L. Jones	Read Replies (1) \| Respond to of 99985

Donald, I'm not familiar with the candlesticks, so I will defer to your expertise, but there are a lot of other reasons not to go long this market just yet. One thing I learned the hard way is "when in doubt, get the heck out". I've not had anyone address the huge dow drop at the close. When the closing bell rang, the dow was at -68... in a matter of 3 minutes or so (when the large amount of Market on Close orders were posted), the dow had dropped to -85. I've been watching the market for years and I have never seen this big of a shift based on MOC orders alone. Bob Pisani was talking about large MOC orders (1M shares and larger). This indicates big money to me. When I used to day trade, one of the favorite plays was to step in front of size. I'll be very surprised if this "pop" holds past 10AM. Another peculiar thing I noticed was the fact that cyclicals were hot in premarket. That indicates a move to safety, IMO. That would mean out of the techs. We'll see soon enough. Good trading to you, Matt