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

To: James Strauss who wrote (23324)	8/18/1999 4:31:00 PM
From: Lee Lichterman III	Read Replies (2) \| Respond to of 99985

I think you better take a look at teh futures because we are gapping down tomorrow unless there is an act of God or the Fed injects a lot of cash over night. SP9U is tanking like a rock as I type this and it won't show on GLOBEX due to the 1/2 gap before opening. There fore it will look OK until the open then the sell programs will kick in full force on the open. Futures dropped 3 points just in the first 15 minutes after the close and are still dropping. Got puts? Good Luck, Lee

To: James Strauss who wrote (23324)	8/18/1999 7:32:00 PM
From: NewKit	Read Replies (1) \| Respond to of 99985

James, <<Everyone knows the FED will raise rates next week... >> I don't understand your logic. Does that meant before PPI and CPI data the market expect a much bigger hike? The way the market rally is like the interest rate stuff is out of their mind.