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

To: Robert Rose who wrote (25378)	9/9/1999 4:26:00 PM
From: James Strauss	Read Replies (1) \| Respond to of 99985

Hey Jim. Your analysis is corresponding to my gut feel. Rob: Is that a good thing? : > Jim

To: Robert Rose who wrote (25378)	9/9/1999 4:30:00 PM
From: Lee Lichterman III	Read Replies (1) \| Respond to of 99985

Well the PPI will dictate direction but the head fake close is done and over and now they are selling the futures off heavily. Premium is a negative 300+ and my delayed data shows that though they closed the December contract at 1364, it is trading around 1360. A report that would put the GLOBEX neutral would be heavily in the sell program area. Of course as I said, the PPI will move it one way or the other. Looks like the close was a scam to sell into. Big surprise there. Of course a good PPI could rally this thing hard so no telling. I wanted to short this thing on a speculative play but didn't get to scalp anything today so I could bet the market's money instead of mine. I don't gamble with my cash. <g> Good Luck, Lee