MDA - Market Direction Analysis Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : MDA - Market Direction Analysis

SPY 677.58

+0.3%

Nov 5 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: HairBall who wrote (8538)	3/20/1999 11:41:00 AM
From: epicure	Read Replies (1) of 99985

I expect a strong correction- possibly on the back of increased oil prices, which might necessitate a rise in interest rates. The situation of new highs coupled with the rot in the broader market has been worrying me for some time- so I bought oil stocks, but sold those recently because I was afraid that in a really big downdraft everything would be sold off regardless of quality and discount. So my strategy has been in the last few weeks to accumulate leap puts or August puts- if leaps were not available- on T, SLR, AMP, MXF, MOT, CMB, EGRP, all were selected because of overbought status on the weekly and 3 day stochastic. Some of them were mentioned on Michael Burke's thread- like MXF, SLR and CMB.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next