SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : MDA - Market Direction Analysis
SPY 660.19-0.8%4:00 PM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: donald sew who wrote (25330)9/9/1999 10:21:00 AM
From: Lee Lichterman III  Read Replies (2) of 99985
 
The market is acting too strong like it doesn't want to drop. High TRIN, high negative TICK, low bond thus high TYX yet the internuts are holding up he indexes. DOW was down 20 while NASDAQ was up 20 and the SPX/OEX have stayed basically flat.

I want to get puts here but everytime the TICK swings to "only" negative 200 or so, the OEX bounces up quickly while it fights and only slowly drops when the TICK resumes the minus 400 area.

Could it be un-natural swings from the futures pits moving from September contracts to December?????

This is looking like it could be a tough day to squeeze a profit out of. ( I knew I picked the wrong week to give up my drugs <g> Airplane)

Good Luck,

Lee
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext