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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 689.17

+0.2%

Dec 11 4:00 PM EST

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To: pater tenebrarum who wrote (32121)	11/2/1999 10:37:00 PM
From: Dwight E. Karlsen	Read Replies (1) of 99985

Heinz, re >Don, seems we had a bearish outside day on the SPX...< Indeed, that is more like what I was expecting. On Monday right out of the gate I got short via SPX puts. Some time premium was stripped off in the afternoon though, so even though the SPX was down over 8 pts yesterday, the contracts only increased 1 pt as of yesterday. Today they did better. I was a little bit annoyed to see the Dow/SPX/Naz racing higher again today, but as I was expecting, that didn't last. 2 trading days between now and the employment report on Friday.

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