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

To: Jurgen who wrote (29983)	10/15/1999 4:04:00 PM
From: Lee Lichterman III	Respond to of 99985

Well this is amazing is all I can say. The premium goes into the sell program area and instead of following like always and all day, they are waiting it out to see if it will come back up risking huge losses in spreads rather than let the DOW fall below 10K. The TRIN is climbing and the TICK is still negative but they won't let the DOW fall. CRAZY. People think this is a tough day? We aren't down 3% and 87 was 25%+. Looks like they saved it by 14 points and guessed right. premium climbing so there is some buying going on in the futures pits. This is where they will try to even up positions for expiration that wasn't done already. Watch some go up hard and others tank as they try to get the strikes positioned just right. I can't wait to see the charts this weekend!!! I know some of my forks (even bearish ones) were destroyed today. Good Luck, Lee