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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 671.91

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Nov 14 4:00 PM EST

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To: HairBall who wrote (6546)	2/17/1999 3:03:00 PM
From: Lee Lichterman III	Read Replies (2) of 99985

Kind of I am on the "delayed" even though I am attempting to trade the indexes which is real time from what I understand. I saw the move in the index but then Waterhouse shut down the option quotes again. Just missed the 2 1/2 point move as I am more comfortable playing the short side than the long. Now I have to decide if I want to buy calls for the flip trip back up. I also use a free quote site as a spare that works pretty well but they keep going down too. Phone ringing have to go EDIT - MACD on OEX still downward and a nice H&S formation just completed even tyhough I know you consider them iffy. DOUBLE EDIT - H&S (12 minute bars) forecasts drop to 610 area, what a coincidence (see my earlier post about open OEX contracts. Afraid to trade this though as the index and the MACD both are at prior support areas. Will wait for a break or reversal first. TRIPLE EDIT? - I just checked my chart and I have fork support pegged around 613 that is soft, if this breaks we are officially down from here on out IMO BWDIK Lee

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