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

To: HairBall who wrote (29189)	10/12/1999 4:43:00 PM
From: Benkea	Read Replies (2) \| Respond to of 99985

LG: "Are they priming the pump for a decline or are they a contraire indicator?" They haven't yet started rolling out the bears in the zoo clip <g>, but they sure do seem to be focusing on the negative. I don't think they have gotten bearish enough to be considered contrarion just yet .

To: HairBall who wrote (29189)	10/12/1999 5:19:00 PM
From: LTK007	Respond to of 99985

LG I don't count CNBC as an indicator one way or the other---they are I think the classic reactor types--that is they don't prognosticate but are just flap mouth reactives:)Max

To: HairBall who wrote (29189)	10/12/1999 5:23:00 PM
From: Lee Lichterman III	Read Replies (2) \| Respond to of 99985

Thanks for the response regarding the support line. After the INTC fiasco, it may be immaterial now <g> Just computed triggers for GLOBEX open. -78 is a buy and -508 needed to sell. Right now we are down 800+ before Asia sees what happened here so no problem. <g> I can't believe I didn't buy puts. <ng> Wonder what this is going to do to Max Pain now. We are going to be too low if this goes as expected. Can they spin the PPI positive enough to get a late week rally for expiry????? Good Luck, Lee