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

To: Vitas who wrote (11292)	4/17/1999 6:50:00 AM
From: bearshark	Respond to of 99985

Hi Vitas: This past week the moneyflow was distorted to some extent by the expiration. For example, on Friday the leading positive moneyflow was the NASDDAQ100. The leading decline was the spyder. On Friday, there was block positive moneyflow into the RUT. I don't think it is a question of right or wrong. It is more a question of who calls the shots. Money calls the shots. However, as the breadth in the NYSE improved over the last three days, the advancing volume on the NYSE increased. So the smaller money may be having some effect with their volume too. However, I think it is only a complement to the large money. Currently, I have numbers going in opposite directions and I will be out of town until mid-week. My read of the action also shows me that this is a complete trading picture. As a result, I look at this market as a daily trading market because of its actual and potential volatility. Unless this market settles down next week, I believe there is the potential for a DOT-like correction in the overall market within the next 30 days or so. It may be preceded by an absurd blow-off top. The trick is paying close attention to the daily trading and reading it.