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Strategies & Market Trends : Rande Is . . . HOME

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To: Rande Is who wrote (45728)	1/19/2001 12:21:10 AM
From: rocklobster	Read Replies (1) of 57584

Rande, I've been talking to a friend tonight, and analyzing the compx chart, and I think what we got here was a compounded S4DML which ended today. We have had eight days up from last monday's gap down which reversed and closed on the high. The futures are Lock Limit Up...which means big gap open tomorrow... So shorts have been absolutely killed here, and any more liquidations of shorts tomorrow morning, which is inevitable with the big gap up, would be the possible culmination of this big move up. Furthermore, this big gap up, on options expiration removes some of the pain of all the put sellers, and sets us up for a perfect reversal and possible 4DML with the first day beginning tomorrow. this would also make sense, as I heard that the weak after options expiration often goes the opposite direction of the week of options expiration. Just trying to get this market forcasting down.. I also heard that the ADX line isn't confirming this move up and that today was the first big up day in this recent move that didn't happen on higher volume. I have been expecting a pullback, and just maybe it will be a 4DML with the big gap coming tomorrow morning. What do you think..? rok@pleasecanIhavemymoneyback.com

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