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

To: blue_lotus who wrote (14257)	5/18/1999 9:15:00 AM
From: James F. Hopkins	Respond to of 99985

It's +800 now which is a good improvement, and cancels the gap down, I was going by the close price. Which was in the sell area, Futures can change fast, but the open should now be to the upside. It's not yet in program buying mode but it's a lot better than it was. The ( + whatever or minus ) is not the key as that's just the change from the close, Fair Value to cash is the key which today is about 2182.36 on the NDX ; & 1343.88 on the S&P. They both seem to be rising as I'm typing this, the S&P will need to get up to 1346.21 to trigger buy programs, Figures are ball park, ( money cost is not the same for all players ) .. They both closed in sell program mode , so about half the + is just getting them back to fair value. Jim