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

To: TWICK who wrote (24848)	9/3/1999 4:16:00 PM
From: Lee Lichterman III	Respond to of 99985

Yeah, they had me fooled also, they must have known I absolutely had to sell today if possible. I watched the strong dip and then 712 OEX intra day support fail and tried to put in another order. Web broker down, called the broker, they were done except for wire orders. That means you can do the order but no confirmation and no changing your mind and canceling since you have no way of knowing if your original order was executed and you would double execute making you net short calls (scary thought). No sooner did I put in a wild A## bid a full half point over current price, they shot this thing up inthe closing rally. I think I just sold at 4 3/8 when I could have had 4 7/8. Oh well. Profit is Profit. It will be interesting to see what they do to the futures after the close. They could bias it up or down for Monday since GLOBEX will be down extra long this weekend. They could set this up to program trade strong without tipping their hand too much to the foreign markets. The rumor of Japan playingthe dollar is also intersting. The only drawback I possibly see next week is the PPI on Friday and some mild profit taking probably around Wednesday or Thursday using the cover story about nervousness about the PPI. I think we are going higher but I won't be around until at least Tuesday. I wonder if they will make me go back to work or let me stay home and heal aka trade a couple days <ggggg> Good Luck, Lee