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

To: Monty Lenard who wrote (44097)	3/25/2000 2:05:00 PM
From: Greg Jung	Read Replies (1) \| Respond to of 99985

Monty, your input is welcome! I think however that real shares were bought, on balance, and that demand drove the price (only up a little, after all). Just for a random example, Dana Corp (DCN) notice volume increase to double the previous level. I have a trial balloon theory for, "why now" which lies in the cash buyout of Cordant Technologies for $57/share which was trading in the $27-$32 range. Date Open High Low Close Adj. Vol. Adj. Close Mar-23-2000 24.875 26.4375 24.875 26.1875 651,700 26.1875 Mar-22-2000 26.0 26.125 25.375 25.5625 556,400 25.5625 Mar-21-2000 25.0625 26.25 25.0625 26.0 600,800 26.0 Mar-20-2000 25.5 25.8125 24.6875 25.0625 557,800 25.0625 Mar-17-2000 24.5625 26.125 24.5 25.125 1,207,200 25.125 Mar-16-2000 23.75 24.875 23.0 24.5625 1,227,900 24.5625 Mar-15-2000 21.25 23.4375 21.25 23.4375 942,700 23.4375 Mar-14-2000 22.0 22.375 21.75 21.875 599,900 21.875 Mar-13-2000 21.6875 22.375 21.5 22.25 561,500 22.25 Mar-10-2000 21.8125 21.9375 21.4375 21.5625 386,900 21.5625