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

To: pater tenebrarum who wrote (26188)	9/17/1999 3:37:00 PM
From: LTK007	Read Replies (1) \| Respond to of 99985

Late day put/call action on IBM is heavy,I was going to buy IBM puts for OCT but when I saw a premium building too fast on the puts I backed off(call prices were going down fast) --bad part I had been thinking I had plenty of time to buy puts on IBM. But in terms of Market direction,if the ML warning that IBM may disappoint on it's hardware sales when they report 10/20 ,if this rumor continues to build,do you all think this will have an overall effect on the market? Max90

To: pater tenebrarum who wrote (26188)	9/17/1999 3:40:00 PM
From: donald sew	Read Replies (2) \| Respond to of 99985

Heinz, We all know how volitile the NAZ/NDX are, and rarely do they just sit around. Of the last 6 trading days for the NDX, 5 of them had the intraday highs within about 20 points of each other. I did a quick eyeball on the chart so its an approximation. seeya

To: pater tenebrarum who wrote (26188)	9/17/1999 8:27:00 PM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 99985

Heinz, IBM must reinstate the old pension plan or face IRS penalties and DOL age discrimination inquiry. Well IBM tried to rob their own employee pension plan and leave it bare bone. They succeeded to rob most of the surpluses. Just to give you an example of WS morality they shaved IBM by over $10 billion in market cap for reinstating the old balanced pension plan system. (ML reports was just an excuse, the facts were out for over a month) Watch all the tech companies who were or are engaged in similar gimicks down or slow advance. BWDIK Haim

To: pater tenebrarum who wrote (26188)	9/18/1999 4:09:00 AM
From: Jorj X Mckie	Read Replies (1) \| Respond to of 99985

Heinz, I agree that WS is underestimating the Y2K lockdown effect. I am surprised that we are almost to October and the real scary stuff hasn't happened yet. FWIW, I see a maximum of 15 more points (to 1350) on the SPX before we start our next leg down. This is based on the P&F Bearish Resistance Line (BRL) for the SPX. It has failed to break through the resistance each time it has tested it since mid-July. The BRL is a downward trending resistance line. JXM How about those ebay puts:-)