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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: HairBall who wrote (12448)5/5/1999 12:24:00 AM
From: Gersh Avery  Read Replies (2) of 99985
 
Wow !!

To many posts, to little time ..

I need a day stretcher .. and maybe a clone ..

Looks like another one of those head fake opens ..

Globex will probably be slightly down and the market start off heading south just to reverse to the upside ~ 9:48 (+/- 3 min <g>). 45 min after that a top (just for the morning) .. Afternoon .. who knows ...

Just what it looks like to me for what it's worth.

From my page .. Note the opening globex trigger values .. it could be in red and still trigger buy programs at the open.

Red fork tines:
Upper : 1426.56 (94.56)
Mid : 1382.01 (50.01)
Lower : 1337.47 (5.47)

Black fork tines:
Upper : 1365.54 (33.54)
Mid : 1329.97 (-2.03)
Lower : 1294.4 (-37.6)

16 day SMA 1337.24 (5.24 )
20 day SMA 1338.8 (6.8 )
36 day SMA 1321.68 (-10.32 )
50 day SMA 1304.58 (-27.42 )

Globex opening trigger values:
Buy trigger : -260 (1340.4)
Sell trigger : -730 (1335.7)

Prem values for the day:

buy trigger 8.4
fair value 6.02
sell trigger 3.7

program trade values derived from data at:
programtrading.com
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