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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 694.04

+0.7%

Jan 9 4:00 PM EST

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To: Autumn Henry who wrote (9986)	11/17/1996 9:57:00 PM
From: Clint E.	of 69658

Good evening Autumn. So are we playing this game starting tomorrow? I got out of some of my FEET last Thurs. but I still have some. With regard to if it is a good short, all I can say is that it is acting strange. I don't know what it is, but the volume is normally quite substantial but the price movement is minimal. One the way up and down there are good size blocks on the bid and ask sides. It is somewhat of mystery to me. As if there are many who are shorting it at as well as those who are accumulating it. I contributed this trading irregularity to options expiration. Therefore, I cannot tell you which way it is going. I have a stop-loss at 24 for this second batch but I am hoping it will be going higher now that options week is over. I am not bearish on it, though. Otherwise, I would have got out of all of it. As far as staying objective, you cannot be running for cover anytime NAZ looses a few points. Are you telling me that last Friday's drop was the turning point for NAZ and we are heading down this week? Clint

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