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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: bobby beara who wrote (21221)	7/27/1999 8:58:00 PM
From: Haim R. Branisteanu	Read Replies (1) of 99985

BB, one day short squize rally turns you bullish?? I think we will consolidate drift somewhat higher due to the 401K phenomen and then have a nasty surprise. I am closing now the puts I wrote last week and I am writing calls again. Closed most of the calls yesterday. The $$$ can not be pumped up anymore IMHO without a rate hike and the market will perceive weak $$$$ as inflationary only to discover that the economy is slowing down substantially in Q3/Q4 BWDIK Haim

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