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

To: Lee Lichterman III who wrote (30536)	10/19/1999 12:43:00 AM
From: Dwight E. Karlsen	Read Replies (1) \| Respond to of 99985

Lee, I mostly always buy at market, when I want what I'm buying. Another thing I've done is buy 2/3 at market, and 1/3 with a limit order. When we were see-sawing between SPX 1267 and 1280 two weeks ago, on one of those days I made my buy, and the 2/3 1/3 worked like a charm. The buy limit went off at 3:15pm, while I was at work and not able to access the market. P.S.: Technically I could trade from my work 'puter, as I have 'net access, but if the owners of my company caught me trading options, they would most likely disapprove for two reasons: 1) I have a busy job, and should be working during work-hours. 2) They would think it extremely reckless to be trading options, since they feel individual stocks are too risky -- only one of four owners even has mutual funds. And it is very risky to trade options (the odds are stacked against you), but I am as cautious as I know how to be and still put on a play from time to time.

To: Lee Lichterman III who wrote (30536)	10/19/1999 12:47:00 AM
From: Les H	Read Replies (3) \| Respond to of 99985

HEARD ON THE STREET: Y2K FEARS POP UP IN SOME FIRMS' EARNINGS WARNINGS news.excite.com

To: Lee Lichterman III who wrote (30536)	10/19/1999 12:55:00 AM
From: donald sew	Respond to of 99985

Lee, Just got back this evening, and boy there were alot of posts. It appears that we got the bounce off the CLASS 1 BUY signals I got on FRIDAY for the DOW and SPX. I never got a CLASS 1 on the NAZ. As of todays close, the DOW/SPX/NAZ are only borderline oversold now for the short-term, so if the CPI is bad then they should continue to sell off and there should be 1-3 days of further downside potential before I can get another CLASS 1 BUY signal. The DOW did fulfill the minimum requirement of 150 points already, so the DOW/SPX is no longer at extreme oversold conditions. In terms of time not price, I do believe that we are coming to some short of a short-term or mid-term bottom. I checked the economic calendar and after the TRADE DEFICIT report on WED, it appears that the next important economic reports are towards early NOV. Im not expert here so correct me if I am wrong. So if the CPI and/or TRADE REPORTS are bad, it may set a short-term selling climax, and thereafter a bounce. Its too early to tell how strong that next bounce will be, but I am suspecting that it will be within the parameters of the downtrend. seeya

To: Lee Lichterman III who wrote (30536)	10/19/1999 7:28:00 AM
From: KM	Respond to of 99985

Lee: <<an attempt to squeeze the shorts trying to close their positions before the close>> May I politely ask, how is that any different than the people who run one futures sell program after another all afternoon and save the biggest, nastiest one for the end of the day in order to make the charts look as bad as possible, close everything on the low so they appear to have been right all day, and force people to "puke up" at any price. From your posts over the years, I think I understand your overall market view of the ever famous "bubble" and overvaluation, so it's natural for you to view a possible forced short covering rally in a hostile manner, yet be unable to appreciate the cruelty of forcing the admittedly unwise overmargined to heave up their Yahoo at 110 to Goldman Sachs, who then upgrades and sells it back to them 30% higher, only to repeat the cycle. I really think you do excellent work and am not maligning you personally in any way, so please don't take it that way. I'm just trying to bring a tiny bit of balance to the discussion. I see a lot of bears counting their crash profits before they get them. Personally, I have two sort of "specialty" long positions and the rest short, and I have never been forced out of anything at the bottom, but I have been squeezed out of many a short position.