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


To: Jacob Snyder who wrote (28692)10/7/1999 4:07:00 PM
From: Matthew L. Jones  Respond to of 99985
 
Help!

I have been noticing the NDZ9 (nasdaq futures) make 5-7 point moves one one tick. Just at the close it went from 1.5 to -5.6 in one tick (for example). What is with this??? It has been doing it to a lesser degree in the SPZ9 (s&p futures) as well.



To: Jacob Snyder who wrote (28692)10/7/1999 4:22:00 PM
From: pater tenebrarum  Respond to of 99985
 
Jacob, i trade all my other index puts but not the QQQ's. i bought them right at the recent high in the NDX and they're far out expiration-wise, so i'm content to wait the ripples out. eventually i expect tech stocks to suffer a considerable correction...don't forget, as i have mentioned before, tech stocks are the last sector to break down in an interest rate induced correction, but when they do, it can be swift and quite spectacular. all my stance requires is to have a view on the bond, and i see no reason as of yet to be bullish on bonds. imo the CB's around the globe are behind the curve, and as Joan has suggested on the myth thread, this may have to do with allowing some hedge funds to deleverage in relative peace. it also means however that the bond market will continue to reflect inflationary concerns and eventually force the CB's hands.

regards,

hb