MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 660.08

-0.8%

Nov 18 4:00 PM EST

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To: Robert Rose who wrote (25378)	9/9/1999 4:30:00 PM
From: Lee Lichterman III	Read Replies (1) of 99985

Well the PPI will dictate direction but the head fake close is done and over and now they are selling the futures off heavily. Premium is a negative 300+ and my delayed data shows that though they closed the December contract at 1364, it is trading around 1360. A report that would put the GLOBEX neutral would be heavily in the sell program area. Of course as I said, the PPI will move it one way or the other. Looks like the close was a scam to sell into. Big surprise there. Of course a good PPI could rally this thing hard so no telling. I wanted to short this thing on a speculative play but didn't get to scalp anything today so I could bet the market's money instead of mine. I don't gamble with my cash. <g> Good Luck, Lee

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