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

To: Fun-da-Mental#1 who wrote (25642)	9/13/1999 5:27:00 PM
From: Lee Lichterman III	Read Replies (3) \| Respond to of 99985

I am not sure, probably just indecision before the big move either way. I think everyone is waiting for the CPI news and for someone else to be the guinea pig. EDIT - I have also been working on a close copy of the DVI spoken of here over the last couple months. I noticed volume has been decreasing on it also. This in the face of it rising. I am new at this so maybe James can clarify better but rallies on lower and lower volume on stocks usually spells danger. Take a look at teh OEX options tonight for those of you that have the Friday sheet printed out. A HUGE number of new put contracts was written today and a few calls were closed out. Seems someone big was willing to bet we go up or stay here through Friday. I show around 13K new put contracts opened today and about 3K calls closed out. It didn't move the Max painthat much but did move it a smidge higher with the bottom end still around 700 but the top of the range is now up to 715 although they don't want it any higher than that. Good Luck, Lee