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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 670.92

+0.1%

Nov 7 4:00 PM EST

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To: Lee Lichterman III who wrote (34230)	11/26/1999 12:08:00 PM
From: Lee Lichterman III	Read Replies (4) of 99985

BUY BUY BUY, CNN just reported from the floor of the NYSE that the Advance/Decline is EXCELLENT today with a ratio of 1 to 1. Wow, I didn't know it could get that high <ggg> I gues all the bears have been fired when a flat A/D is considered "excellent" I really want to go short the Naz 100 right now but the large number of puts still out there has me waiting. I was hoping ot get a few trades going today but it looks like there is no rhyme or reason to what is moving and what isn't. 6.26% TYX and the NASDAQ continues to power up. Either this is the perfect spot to go short ahead of next week or else the short squeeze is going to get even more violent. I know this should be a great short here but I am afraid of that train that keeps getting closer as I find it impossible to move my feet. Lee

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