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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 671.910.0%Nov 14 4:00 PM EST

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To: John Pitera who wrote (47331)4/19/2000 4:29:00 PM
From: AllansAlias  Read Replies (1) of 99985
 
Passover and Easter. A strange time to be putting together a nuclear short-shrike.

I was going to add more puts at the close, but I am going to wait for the morning. I can not imagine that this dark-cloud cover does not portend at least a small down day, but I am willing to pay a little more for getting some confirmation. Most likely scenario for me tomorrow is dogi-like day.

I do not think the dollar chart can coil any tighter. If this portends a big move I want on. For fundamental reasons it has to be down IMO.

Question: What's the next best means to short the $US other than selling a future contract? Are there options on currency contracts?

Thanks again. --Allan

There are no stupid questions, only stupid answers.
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