MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 660.19

-0.8%

4:00 PM EST

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To: Vitas who wrote (16078)	6/5/1999 12:39:00 AM
From: Gersh Avery	Read Replies (2) of 99985

Hi Vitas .. Point of Max pain. The MM's tend to run this one up just past that then drop it down just a little below it for options expiration. We are way to far away from that point to not head up. <g> no VO tonight .. just the ritalin for my ADD. I have the 36 day SMA for the SPX at 1329.82 for today (closing). Middle tine of the fork I've been watching lately at 1338.51. If we get past that the next stop would be it's upper tine which is 1374.09. BTW .. I edited that post a couple of times .. which version did you read? Gersh

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