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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 680.73-0.2%Dec 15 4:00 PM EST

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To: donald sew who wrote (7987)3/11/1999 11:39:00 AM
From: Daflye  Read Replies (2) of 99985
 
Markets higher, TICK lower, VIX bottomed??? Just spiked above 25, TRIN bottomed at .49??? Spiking up big time??? Sustainable???
TYX.X bottomed yesterday and has been setting higher highs, higher lows since then. OEX has alot of gaps to fill, but that could take weeks, or days???
A/D pos, High/Lows > 1, up vol/down vol approx 3 to 1.
But new highs still contracting, fewer stocks hittin' em as averages move higher.
On paper I just bought OEYOH at ask of 4 1/4.
Don't have the nads to go live right now. WOW.
D

edit: NOW everybody seems to be sayin' that DOW 10,000 is a shoe-in, I'm startin to believe it too. Maybe I'll go buy calls, that'll stop the rally in its tracks, and those paper puts will triple. heh heh heh
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