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

To: donald sew who wrote (26190)	9/17/1999 3:50:00 PM
From: pater tenebrarum	Respond to of 99985

Don, i have heard that some hedge funds had to cover lots of shorts on NAZ stocks that were entered into during the mid-July to early August correction in the belief that the market was about to crack similar to last year.then apparently Tiger went long INTC and MSFT after losing a bundle on it's other stock market holdings (WMI and COF among them). the news of Tiger's positions pushed these stocks higher yesterday - which is rather strange. anyway, the antics of the highly leveraged speculators push these stocks around a lot. regards, hb

To: donald sew who wrote (26190)	9/17/1999 4:35:00 PM
From: S. Chiang	Read Replies (1) \| Respond to of 99985

<< We all know how volitile the NAZ/NDX are, and rarely do they just sit around. Of the last 6 trading days for the NDX, 5 of them had the intraday highs within about 20 points of each other. I did a quick eyeball on the chart so its an approximation. >> Don, Very good observation. I scan daily NDX further back. I just found out that 8 out of 10 trading days, it closed at either high or low of the day. Very interesting. Could be a good opportunity for making some money. SC