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

To: thebeach who wrote (1717)	12/14/1998 3:01:00 PM
From: James F. Hopkins	Read Replies (1) \| Respond to of 99985

Beach; Warning the tick is down much harder than the index, S/MMs are doing best they can to hold her up as they short. The Dow lever was $50 to $1 Friday, Today its $150 to $1; what is that ? well for ever $1 taken out of the DOW today, the Market cap of the same stocks has fallen $150 or 3 times the ratio of Friday..and volume is not all that high, there are to few buyers. It's not real bad yet, but It don't have far to go to get bad, Anything below 8650, and down momentum will pick up. Jim