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

To: donald sew who wrote (18874)6/29/1999 11:55:00 PM
From: James F. Hopkins  Read Replies (2) | Respond to of 99985
 
Donald; Right at the close the market set up a GAP down
for in the morning , I don't know if it will follow through but
specialist and MMs shorted on the close to all market buy
orders, and then the futures droped 6pts.
Jim



To: donald sew who wrote (18874)6/30/1999 7:23:00 AM
From: GROUND ZERO™  Read Replies (2) | Respond to of 99985
 
I was short late May in that nice mini BK for a nice move down and posted my position on the futures thread the day those positions were entered.....<g> I'll short these markets in a blink, but there is no real evidence of a major market top quite yet, maybe today.....

GZ



To: donald sew who wrote (18874)6/30/1999 9:09:00 AM
From: pater tenebrarum  Read Replies (1) | Respond to of 99985
 
Don, quite right, i am certainly not a perma-bear and i play both downturns and rallies. when i see bullish sentiment at levels as high as the current ones, i have to get concerned. i agree that it is unlikely that the bull market is over and i think we will still see sharp rallies in the course of this year. but the market needs to build a more convincing base first imo.

regards,

hb


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