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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 659.00+1.0%Nov 21 4:00 PM EST

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To: Lee Lichterman III who wrote (19406)7/5/1999 9:36:00 PM
From: Lee Lichterman III  Read Replies (1) of 99985
 
Any thoughts to Market Direction as we end this weekend. I am mostly curious about the further out targets.

I am curious that we have a high Call to put ratio which usually implies that option expiration week should end lower. To offset this, we have earnings releases hitting at the same time and the historical trend for option expiration week having a flat to upward bias.

I am trying to sort out how these time lines are going to work. I have read besides Don a few people calling for a down turn around the 8th so many expect a pullback this week. Then most see all upside. Bill sees some things that have him pretty sure we will head down from here soon and although all my stuff is saying we are going up, I am worried that no one is really seeing any risk of downside soon. I have to admit I am looking at some plays here that I would never have though of a few moths ago.

Is this a sign that all is well so we are cleared for take off or that there truely is no fear left and we are cleared to go into a death spin dive?

Lee
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