Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Greg Jung who wrote (28188)	10/1/1999 9:58:00 PM
From: pater tenebrarum	Read Replies (2) \| Respond to of 99985

Greg, i agree that many stocks underneath the generals look very cheap...but i still believe the generals must correct before we can move on. btw, this has already begun...see INTC, IBM , HWP. have a great weekend, regards, hb

To: Greg Jung who wrote (28188)	10/2/1999 1:46:00 PM
From: Lee Lichterman III	Read Replies (2) \| Respond to of 99985

>>(Today it was health care companies<< What chart are you looking at???? The HCX was my main play for Friday and they did quite well. The HCX chart made what looked like a Roman candle and my main play which was MRK shot from 64 to 68. My second pick didn't do as well with BMY going from 67 to 70 but in the options game, that is enough. Positions are closed out so I don't care but the DRG and HCX were some of the stronger sectors in a down day. My comments are on my site and I am still updating charts but there are as usual conflicting forcasts making a call here ahead of the FOMC basically a coin flip. I did however go through the Max Pain exercise despite it being too early to eally trade based on it since I kept reading about the put call being bearish etc etc. I figured it would be woth while to see WHAT puts and WHAT calls were being bought to see if anything was going on under the surface. As of Wednesday's close, the Max Pain for the OEX was around 692, HIGHER than where we are now. Dip then climb or pop then drop???? I will figure that out later but the OEX writers are NOT betting on a strong down right now even though the put buyers are. Despite the ugliness inmany ofthe charts and the falling DXY, I am actually getting bullish here for some unknown reason. We sold the full moon and maybe it is buying the new moon this week I don't know. I look through my charts and there isn't a stock I really like here anywhere. All bounces thus far have reversed back down and the NDX 100 is totally out of sync with the rest of the market. Usually the one index out of sync will join all the others, not drag the rest up to it so maybe I will get my sanity back and go back to bearish since this chart is really starting to resemble last year before the big drop but there are hints that we are about to make a big move and my mid term stuff is starting to point up even though my short term stuff is either in the middle or signalling a drop due this week. I don't know yet. Time to get my site finished updating. Good Luck, Lee