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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 683.47+0.6%4:00 PM EST

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To: StockOperator who wrote (7973)3/11/1999 11:59:00 AM
From: StockOperator  Read Replies (1) of 99985
 
Triple-witching + unfilled gaps + rising VIX + charts at critical points = market volatility

My gut tells me that the next several trading days may be pretty volatile. Besides all the unfilled gaps on the individual companies. There is a gap on the VIX from last week that also remains unfilled. A quick look at the daily will show a turn-around yesterday on the chart, as if it's poised to fill it. Which makes this 100 pt advance on the DOW look suspect. Besides the boys in the pits will surely be causing havoc next week in the options markets. Money is seldom easily made. So I wouldn't be surprised to see a roller coaster ride on the avgs.

Personally, I would be happy to see these gaps filled. It would place a much more solid footing under any advance.

Watching how it all pans out.

SO
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