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


To: donald sew who wrote (25709)9/14/1999 9:58:00 AM
From: pater tenebrarum  Respond to of 99985
 
Don,as long as there is a place to hide, the corrective process can't be over imo.

regards,

hb



To: donald sew who wrote (25709)9/14/1999 3:03:00 PM
From: MonsieurGonzo  Respond to of 99985
 
Don:" zero-sum "

...if the NDX/QQQ doesn't advance any further than this, then summing yesterday plus today = a hanging man;

else, the apparent "evening star" construct of Thursday / Friday / Monday would be negated by any NDX.X new high CLOSE.

even so, the near- and far-targets for this sector are not far away - so I feel comfortable selling CCalls (at strikes = those targets) here. If we go down or, sideways, I've got a short-term short-sale profit; if I'm called away, I will have sold my positions at my investment/index targets + premium.

-Steve