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


To: Benkea who wrote (28044)9/30/1999 9:47:00 PM
From: pater tenebrarum  Respond to of 99985
 
hard to say...my guess is that we will at least rally at the open...whether there is follow-through will depend how that NDX triangle resolves imo.

rampant call buying continues...but the big call o.i. could lead to a delta hedging rally into expiration a la last July.

i noticed buying in the formerly weak sectors...heck, i did some myself today. i guess many people are looking to lock in profits on some of the high p/e stuff for now and redeploy a bit into stuff that looks cheap.

regards,

hb



To: Benkea who wrote (28044)9/30/1999 11:19:00 PM
From: drsvelte  Read Replies (2) | Respond to of 99985
 
"Does the herd start trying to beat the rest of the herd in blowing out the crap they bought today for pretty sake?"

I guess I'm pretty unsophisticated, but just who is the "herd" and "J6P"??? Are these retail traders? Do they include institutional or funds? If its retail, how much of the volume is comprised of retail vs institutional trades?