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

To: Benkea who wrote (31018)	10/22/1999 12:38:00 PM
From: Benkea	Read Replies (1) \| Respond to of 99985

hmmmm: Maybe the dollar has put in a bottom: biz.yahoo.com Also, I couldn't help but hear the piece this AM on CNBC about consensus weighting being moved to 90% bonds/10% equities. Wow, if that was for sure the consensus, I would be buying my butt off.

To: Benkea who wrote (31018)	10/22/1999 12:45:00 PM
From: Benkea	Read Replies (2) \| Respond to of 99985

Sycamore Networks priced at $38 and opened at $270! Hmmmm.

To: Benkea who wrote (31018)	10/22/1999 12:50:00 PM
From: j.o.	Respond to of 99985

Ahhh...the sweet sounds of complacency! <ggg> Thanks for the note on the VIX. With the Dow having so soundly rejected 10,200, we're seeing a lot of put sellers trying to extract some value from this market. I still see a move at least up to 10,509 (38.2% of the downmove) before we really have a chance of cracking that 10,200 level - but I think that over the v. short term we might not get higher than today's highs. It looks to me like we've hit the top of the uptrend channel on the 60-min charts on ndx.x and spx.x. We'll probably hit the lower side of the channel today/tomorrow, but I wouldn't play the downside very seriously unless those uptrend channels were broken. I'm a very small ndx.x short from 2519, but expect to buy it back later today - not an overnight position with the jumps we've been seeing. Overnight positions right now are a complete lottery! <gggg> j.o. indextrade.com