MDA - Market Direction Analysis Message Board

STOCKTALK

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 689.10

0.0%

Jan 23 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: dennis michael patterson who wrote (31862)	10/29/1999 7:03:00 PM
From: Lee Lichterman III	Read Replies (1) of 99985

My guess would be the big boys are selling puts. Looked like they increased faster than the calls today compared with yesterday's numbers. That would be bullish. That is the problem I will have to sort out this weekend. Fundamentaly, there is no reason for the market to switch gears this fast and this strong. However the options are showing that the rally may be for real and the breadth and volume are confirming the bullish side so far. I am a bit worried though that as Don pointed out, there are already signs of sector rotation. Unfortunately I am about a day too slow. I saw the potential for the rally but didn't get in in time. Then last night I wanted MSFT and calls on the FPP, not in time. It is like someone is reading my mind and buying before the open and before I can get my foot in the door. What is really agravating is I am usually too early in my calls and have to wait for it to go my way longer than I am usually comfortable with. I will know more after I download my data and stare at things tomorrow morning for a while. Don, thanks for the mention in your post. By the time I worked my way to that post, it was too late for me to edit my first response to you. Not much else to say since I don't have enough data yet. I did find it interesting that MSFT rallied up some today ahead of the judgement since the street shouldn't have known in advance it was going to be delayed. Don had pointed out a bearish island reversal earlier but then last night I saw a bullish doji. I think the TA savvy smart moeny is messing with our heads. <ng> Good Luck, Lee

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next