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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (16366)	6/7/1999 9:00:00 PM
From: jjs_ynot	Respond to of 99985

Bid / Ask spread on QQQ options seems to be coming down. It was large for a while, which makes profiting tough. As they get more liquid (larger volumes) the spreads are decreasing.

To: Haim R. Branisteanu who wrote (16366)	6/8/1999 5:50:00 AM
From: Lee Lichterman III	Read Replies (1) \| Respond to of 99985

I chart QQQ but it is so new, I don't have not posted it publically. As of todays close, it is at a declining resistance area ona descending triangle. Of course almost every other triangle has been violated the last few days so why should this one be any different. <ng> Still holding my puts but getting nervous although my pick was not too bad since the put only went down a smidge so far. I showed 10 stocks reversing their 3 line break charts back up today which is fairly significant. The CWX broke through it's declining wedge/triangle to the upside, and the OEX broke through the downward fork as I was pretty much expecting putting back in the upward grey one posted at the MDA site. The SPX should break out of the red downward one tomorrow putting it also in the upward grey one drawn. I still think the OEX will drop inthe future and test 655 and the SPX will see 1300 again. There were some signs of reversal back down but nothing guaranteed. I show Doji stars on LU, CTXS, MSFT and a tweezer top onWCII. XRX made a gravestone doji although the tombstone is a lot larger than normal. Almost an inverted hanging man. I am having server problems and can't seem to get the charts to transfer over for the update so double check them if using mine today. I am having to switch over 3-4 at a time then relog on and start all over. At this rate, I will be done in 4-5 days. <gggg> As for the indexes, PnF is still adding credence that 2550 on the NASDAQ is the number to watch for. It matches my fork also. Have to go back and start transfering charts again. No sleep tonight I guess. Good Luck, Lee