MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 683.70

-0.3%

4:00 PM EST

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To: Challo Jeregy who wrote (14194)	5/17/1999 11:31:00 AM
From: donald sew	Read Replies (2) of 99985

Challo, >>>>> In your update, you said Overall I feel this week should be on the weaker side and next week to be flat to up in light of option expiration. Are you saying that options expire next week? I may be wrong but I thought this coming Friday, the 21st, was expiry. <<<<< Boy did I really goof up!!!!! In light of this week being expiration week, and since my short-term technicals are in the oversold region right now I am more inclined to say that the market should still bounce a little and for the week still be relatively flat. I believe that the max pain for the OEX is at 675. By the way - which month is this?? ggggggggggggggg thanks for correcting me. seeya

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