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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 662.72+0.4%4:00 PM EST
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To: HairBall who wrote (29655)10/14/1999 4:03:00 PM
From: Lee Lichterman III  Read Replies (2) of 99985
 
Well all my initial targets have been met and though my mid term cycles say we are no where even close to being done yet, my short term cycle stuff says we need to pause a bit before heding further south for the winter <g>

I just finally gave up on my attempt to purchase my options. Waterhouse's "new and improved" web trader had me holding 10 minutes for a status then 10 more minutes while trying to change the order. The pits then took thier turn as the stock fell over a point and the option went the opposite way, premium bump I guess. (yeah right on a January strike)

I will watch once again from the sideline and hope for a bad PPI so I can think I made the right choice by not playing this. Now that the market is closed, I ws trying to get SUNW Jan 100s ( SUQAD ) at 5 5/8. We'll see how it would have done tomorrow.

PS - for those that don't think we are still too high, Clinton in his closing remarks during the Q&A just said that anyone can get rich just by applying for some start up money, start a company and have an IPO as long as they are under age 25 and become a billionaire over night. Once again he sets a fine example for our youth. <ng>

Good Luck,

Lee
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