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

To: Benkea who wrote (22680)	8/11/1999 2:27:00 PM
From: James F. Hopkins	Respond to of 99985

Benkea; I always wanted to buy an internut company but was too scared. So today being it wont make any differance I bought one anyway. ( well I sold puts, but any way that's almost the same as buying one. ) ---------------- 1 # the internuts are in a down trend, or better yet a free fall. 2 # I know the internuts don't have a chance. 3 # I know the whole market is going to crash and burn 4 # I won't have the money to pay for them when they get put to me 5 # I love helping people out by doing dumb things. 6 # like you said I gots to do it now. ------------- All very good reasons for me to go long and I picked the worse one too <G>

To: Benkea who wrote (22680)	8/11/1999 6:25:00 PM
From: James F. Hopkins	Read Replies (4) \| Respond to of 99985

I see CNBC beating the UP drums like crazy now..not a word about how the futures sold off after the market close. In the next session the futures will look up some as they go from session to session but they now need to be UP around $3.21 just to get back to fair value. Anything less than UP $2 will really be down and trigger sell programs on the open. ---------------- Why don't CNBC get up to date before they get carried away ? Dollar still looks OK so far. Best Guess is a gap down on the open then some more rally, if the dollar holds; things could change by AM but I don't think they will very much, the CNBC plunge protection team is working over time to coax some bulls out of hiding. Jim