MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 665.67

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4:00 PM EST

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To: Lee Lichterman III who wrote (6375)	2/16/1999 3:13:00 PM
From: Lee Lichterman III	Read Replies (1) of 99985

I haven't day traded in eons but I am seeing a bull flag on the $TICK and a descending triangle on the TRIN therefore I am expecting a rally into the close to break soon. As I said I haven't done this in ages so don't follow my lead and I am only going to paper trade this so I can say woulda shoulda coulda later. <g> Paper long OEYBD OEX 620 calls at 6 1/4 EDIT - Closed out at 5 1/2, now I remember why I told myself never to trade these for real when I am old and rusty, also when I haven't done it for a while. If 615 breaks that should be all she wrote for the bull and the bear should awaken to stay a while. Lee

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