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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 692.27

+0.3%

Jan 15 4:00 PM EST

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To: Haim R. Branisteanu who wrote (26173)	9/17/1999 8:57:00 PM
From: Terry Whitman	Read Replies (1) of 99985

I've been telling people that higher oil and gas is here to stay. Most people nod, but I can see that they're not convinced. I'll bet you can buy some nice 4wd yuppiemobiles at a discount in another 6 months. The wife wants a (yuck) mini-van though. quote.yahoo.com Transports were a winning play today, but I didn't play them. I was busy taking actual delivery on 300 lbs of beef at 65 cents/lb. Me thinks we may have seen a bottom in the beef mkt. It's up to .69 since I ordered it 2 wks. ago. BTW- A common hedge play with the transports divergence is to go long the transports and short the Dow or SPX. History shows that the gap will close eventually, and you take profits then. You may have to be patient though. <g> You ever try that play? I have read that you can do it nearly every winter. TW

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