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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 665.67-0.9%Nov 17 4:00 PM EST

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To: pater tenebrarum who wrote (11261)4/16/1999 5:40:00 PM
From: donald sew  Read Replies (2) of 99985
 
Heinz,

>>>> the momentum stocks that suffered so much this week. i have noticed for instance that there is a lot more volume in options on netstocks lately than there used to be. you may remember that i mentioned that the cyclicals which moved up this week are the very stocks where open interest in puts is bigger than in calls. if this theory is correct we should see the nasdaq move up on monday, as the april options have expired today.of course i'm not really sure whether the market can really be manipulated to such an extent. it may all be old-fashioned rotation, since so many of the leaders were very extended <<<<<<

That does make some sense, and I am also expecting some sort of bounce/zig-zag for the HiTechs but can they set new highs and keep the small caps up at the same time with the IRA time over.

Hey, heres another possibility - everything reverses next week!!! gggg
The HiTECHs runup hard and the stuff that ranup this week sells off
hard. Just bounce the money back and forth like a ping-pong ball.ggg
only kidding.

seeya
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