MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 670.92

+0.1%

Nov 7 4:00 PM EST

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To: The Perfect Hedge who wrote (8928)	3/24/1999 6:53:00 AM
From: donald sew	Read Replies (3) of 99985

Beeble, Hope you dont mind my interfering. I took a look at the SANM charts and it is producing LOWER HIGHs and LOWER LOWs. However, right now my short-term techncals are in the LOWER MID-RANGE already, implying that further downside may be limited, and that it may not get to 50 for this specific cycle. It is definitely showing weakness, but the timing may be wrong if one was to short it right now. With premiums on PUTs not being cheap, may I suggest to wait for some sort of movement to the upside to the 60-65 range. If it doesnt happen, then go onto something else. I may short it myself, if it gets back to the 60-65 range. seeya

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