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

To: Lee Lichterman III who wrote (7012)	2/25/1999 10:09:00 AM
From: StockOperator	Read Replies (2) \| Respond to of 99985

L3, Regarding Fridays are what counts. That plays right into the MMs hands as that is what they want everyone to think. I'm not talking about just the trading on Friday. My comments were directed at how prices trade all week and where they eventually close on Friday. And then how that close on Friday relates to the overall trend. This week is a classic example. Monday you start out with a 212 pt. gain only to be loose 144 by Wednesday. And who knows whats going to happen the next two days. If we loose another 300 pts the remainder of this week, that close on Friday will speak volumes for the overall trend in prices. If anything the close on Friday will actually "bring to light" what the MMs intentions were that trading week. And more importantly where prices might be going the following week. Perhaps I did not do a very good job of explaining my position. So I agree that looking at only Friday's close, without comparing that to the overall trend can be deceiving. Its looking at the big picture that counts. Good trading. SO