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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?


To: James Strauss who wrote (20060)5/30/2000 6:21:00 PM
From: Sergio H  Read Replies (2) | Respond to of 29382
 
Jim, another cause for today's rally was the
overdue unraveling of positions that is usually
associated with options expirations. In this case
it came a week late.

There's some new economic data coming down the pike
that should change market sentiment shortly.

I don't think this rally is substainable and will use
it to close out some positions. The lack of volume
to match the run-up indicates that short covering didn't
come into play.

Money flow wasn't as positive as the end of the day
figures would lead one to believe.

Market Indexes
Name Money Flow LargeBlocks Up/DownRatio
DJIA -$5.9 -$414.7 1/1
NASDAQ 100 +$884.1 -$511.0 1.08/1
S & P 500 +$2,821.0 +$236.3 1.18/1


Exchanges
NYSE +$3,573.5 +$1,189.3 1.33/1
NASDAQ +$1,441.2 -$731.3 1.08/1
AMEX +$500.4 +$291.8 1.51/1
OTCBB -$1.7 +$1.0 .96/1

Sergio