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

To: Matthew L. Jones who wrote (24286)	8/31/1999 4:08:00 PM
From: Matthew L. Jones	Read Replies (1) \| Respond to of 99985

The dow has dropped nearly 10 points on MOC orders! I've never seen that kind of movement after the close. Might not bode well for tomorrow. MLJ Make that 15 points (edit)

To: Matthew L. Jones who wrote (24286)	8/31/1999 4:08:00 PM
From: stockycd	Respond to of 99985

mATTHEW, I don't know, but the futures are taking a huge dump as we speak... The PREM is -136. Ouch!

To: Matthew L. Jones who wrote (24286)	8/31/1999 4:38:00 PM
From: Lee Lichterman III	Read Replies (2) \| Respond to of 99985

Well they bent me over a second time, ( I must be good <g>) I had a sell at 7 3/8 and watched it go by 7 1/2 with no fill. (Bid was lower but still) They say that since the bid was 7 1/4 I am not due a fill. Now worth 5. Ouch. Still I should be getting al kinds of buy signals for a short term swing tonight. I just have to hope they are not the type that is a buy in at the open and sell on the close or intra day as that would still be technically a good signal but the buy in would be better. Also I am nervous about the strong down moves versus a range bound market. Tody resembles July 23 when I got a false signal that took two day to turn instead of the next day. Time will tell. I am hoping the sell on the close orders skewed this thing and we don't gap down tomorrow. NASDAQ was strong with nuts mostly up and SUNW, MU, DELL, GTW etc also up. Guess I should have bought smaller to average down. Note to self, don't be so greedy. <g> I will try to post my signals or update my page if I get time late tonight but no promises since I am getting about 3 hours sleep. Good Luck, Lee