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

To: Les H who wrote (56343)	7/10/2000 5:30:30 PM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 99985

Les, to me the story in the National Post, it is more like "lets teach them a lesson" by brokers and funds, and blame the Ontario Securities Commission, which is another way of stock manipulation. I wrote to the editor to wake up and watch reality <GGGGG> Haim

To: Les H who wrote (56343)	7/10/2000 5:56:37 PM
From: Les H	Respond to of 99985

WHAT TO EXPECT NOW. July 10, 2000. Ord. The S&P's may be running into resistance near the previous high of June 19 at 1512 on the Futures and 1489 on the cash. The volume on the June 19 high was 925 million shares. If the current S&P markets break above the June 19 high on lighter volume a negative divergence will be established. If this condition materializes, a pull back should ensue. However if the S&P's run up and break to new short term highs and the volume surpass 925 million shares than a valid break is established and the markets should run higher. The "5 day ARMS" on the NYSE closed today at 4.88, which is on the bearish side of neutral. The "Percent Volume" closed today at .58. Readings near .57 and above appear near short-term highs. Judging from the current statistics the S&P's is expected to run into resistance near the previous highs of June 19. No valid breakout to the upside this time. We think the break out will come the next time.