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

To: Lee Lichterman III who wrote (3177)12/31/1998 9:01:00 PM
From: HiSpeed  Read Replies (2) | Respond to of 99985
 
What's the call on today's action in the market? A/D line and up vol looked good yet things tanked. NH/NL looked fine. Did I miss something? Were fundies selling everything else to buy that 16,000,000 share block of AOL after the close? Predictions for Monday?

Edit: looks like many companies saw huge blocks trade a point or two less than were the stock was going to close at. Was all this selling done to buy AOL? If I didn't see that 16 million share block of AOL go by @160 I don't think I would have believed it - thats ~$2.6 BILLION worth of AOL!!!



To: Lee Lichterman III who wrote (3177)1/1/1999 12:10:00 AM
From: Zeev Hed  Read Replies (1) | Respond to of 99985
 
Gee, Lee, you make me feel uncomfortable using that 8650 as a bottom, it was the same one from which the last small set back bounced, and I am using that number as a "Maginot" line, as long as it is not violated, we are still in a FED Bull.

Zeev


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