MDA - Market Direction Analysis Message Board

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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: KeepItSimple who wrote (25625)	9/13/1999 12:57:00 PM
From: Lee Lichterman III	Read Replies (1) of 99985

Unfortunately I think you are right. I have beenwaiting all morning for a "pretty sure" play here. I over slept and missed the chance to short this morning and I don't trust this rally yet to go long since the dollar and bond are not "behaving". I have Max Pain set for 705 OEX with a cushion anywhere from 700 to 710 so my bias is down but the option prices are not favorable to play in the downward direction right now. Hopeing something appears onthe chart soon as I am getting tired of doing nothing. Good Luck, Lee

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