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

To: Benkea who wrote (24842)	9/3/1999 3:24:00 PM
From: Lee Lichterman III	Read Replies (1) \| Respond to of 99985

Just wanted to throw out a scenario since Dennis got me thinking ( I know, me thinking, a scary thought) I went back through my charts and there have been a few berakouts like this and while most had continuation the next day, it was not un-common to have a bull flag form for a few days after words with each day dropping minor until it shot back up. I am worried about the afternoon rally stalling and forming an intra day double top around 713.5 OEX. I tried to sell my calls and the web broker was down again, found the phone and before I could dial a friend called to talk about the market and I missed my exit. I am not going to eat this as I am fairly confident of the continuation. If I have to I will hold and put in a limit sell for Tuesday although 3 days of premium erosion might hurt a bit. Since the broker messed up only bought less than half of what they were supposed to, I am not risking that much. Good Luck, Lee