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

To: John T. who wrote (24397)	9/1/1999 2:10:00 PM
From: Lee Lichterman III	Read Replies (2) \| Respond to of 99985

Thanks for the heads up. I was wondering what caused the bond to tank. I am not feeling so bad about selling those calls a little early anymore <g> Tried for puts but missed. That's OK too. Watching to see what they do as the close gets closer. Leaning towards puts but hate to go against my signal unsure if it was a one day shooter or a multiday pattern. I double checked and although employment report is due Friday, the jobless claims IS also supposed to be released tomorrow AM at 8:30. Expectation is a rise of 7K to 290,000. from message ID on SI of #1109376 Ain't that right shoulder onthe hourly SPX and OEX coming along nicely ????? <ggg> MLJ - Yes the premium IS the difference in the cash and futures. Good Luck, Lee

To: John T. who wrote (24397)	9/1/1999 4:22:00 PM
From: Les H	Respond to of 99985

DOLLAR SINKS VS YEN; STOPS TRIPPED BELOW Y109.00 NEW YORK (MktNews) - The dollar fell to session lows around Y108.70 as heavy stop-loss sell orders were tripped on the break of Y109.00, traders said. Support from Japanese bids around Y108.70 was holding in the short term and other Japanese names placed bids between Y108.70 and Y108.40, said a trader at a U.S. regional bank. More significant bids wait at 1999 lows around Y108.25-20, traders said. Widespread selling from a variety of names -- a U.S. money center bank, a U. S. investment bank and a Boston-based bank -- pushed dollar-yen through support at Y109.10 and triggered heavy stop-loss selling on the break on Y109.00, traders said. A real money account was also a featured yen buyer, said a trader at a U.S. investment bank. Euro-dollar bounced back to $1.0600 in sympathy with dollar-yen weakness, traders said. The euro was trading around $1.0580 as dollar-yen broke Y109.00, traders said. 14:27 EDT 09/01