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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 693.87-0.2%4:00 PM EST

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To: dennis michael patterson who wrote (57467)7/31/2000 1:58:02 PM
From: Haim R. Branisteanu  Read Replies (1) of 99985
 
NOK is below yesterday afternoon high of 44 1/2 not a great sign of strength.

It is quite difficult to recover from gaping events of over 15% by writing options.

WS mentality is that if a momentum stock brakes down it is "chio bambino". See HON or CA for as an example.

Haim
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