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

To: Jacob Snyder who wrote (28454)	10/5/1999 4:04:00 PM
From: pater tenebrarum	Respond to of 99985

Jacob, in spite of the spread i'm doing quite well...i usually bid below the ask and most of the time get what i want. i buy puts during euphoria and calls when we're oversold...since invariably those are the times when nobody else wants these things i often get around the spread. btw, if you look at the moves in OEX options which are my main trading vehicle, you'll see that they move quite fast. the QQQ's i'm holding right now, same as you. regards, hb

To: Jacob Snyder who wrote (28454)	10/5/1999 4:06:00 PM
From: Matthew L. Jones	Respond to of 99985

How many times have you heard it said, "when it should go down and it doesn't you better go long"? Alan Greenspan will not ever give us a straight answer before 2000 because his strategy IMO is to control this market by keeping it nervous. He doesn't want to do anything that will upset the economy in general, but he doesn't want runaway equity prices with the possibility of a major break which could cause public panic and a crash. With investors on pins and needles the market will continue to have weak rallies and small sell-offs. AG is getting exactly what he wants. Brilliant, actually, but very frustrating from a trading standpoint. Much as I hate to say it, this market acts like it wants to go up. If the indices were individual stocks we would all trade them long. Matt