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

To: Lee Lichterman III who wrote (25502)	9/10/1999 4:42:00 PM
From: pater tenebrarum	Read Replies (3) \| Respond to of 99985

Lee, i don't know if you remember my post from yesterday where i mentioned that NYSE members have been net sellers for 4 weeks in a row. whenever that happens and the market continues up i'm starting to pay close attention. the bond should have pushed the banks today, but it didn't. in fact, the rally in the bond market is largely inexplicable to me. i took a very close look at the PPI components, and i did certainly not find any reasons to celebrate in it. i suspect the market will begin to reflect this over the next few sessions - of course, CPI may yet turn things around, but it closely tracks PPI and PPI showed signs of an enormous acceleration in cost push inflation. the mania may yet override these concerns and cycles seem to point to the likelihood of a blow-off developing, so we may not get a big pullback just yet. but there are more and more indications that the market is starting to live on borrowed time imo. btw, can you imagine: i closed out a big short position in MYG a few days ago for a gain of a few points...i was kicking myself today for that. regards, hb

To: Lee Lichterman III who wrote (25502)	9/10/1999 4:45:00 PM
From: Jorj X Mckie	Respond to of 99985

Lee, I learned rule #5 the hard way too. #reply-11116495

To: Lee Lichterman III who wrote (25502)	9/10/1999 4:45:00 PM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 99985

Lee, I would add one more comment - A. - do not play the OEX option 2 weeks before expiration week. B. - If you have the itch then go gamble it away in a real Casino, at leat you may have fun and great food. C. - Further try to write option and take advantage of IV D. - If overly secure about the trade - do not place orders and do something else, reality may sink in. E. - If posible avoid the OEX options (I do not trade them at all, learned this lesson long time ago) BWDIK HAim

To: Lee Lichterman III who wrote (25502)	9/10/1999 5:44:00 PM
From: Challo Jeregy	Read Replies (1) \| Respond to of 99985

Wow. Between the experiences of you and Heinz, the whip-saw action in this market is apparently hitting all of us. It never does what we expect it to. But, if we use ourselves as contrarian indicators, and do the opposite of what we feel/think/and sometimes, see, then the market turns the other way. Isn't this fun? <g><ng>