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

To: pater tenebrarum who wrote (31690)10/28/1999 12:21:00 PM
From: donald sew  Read Replies (1) | Respond to of 99985
 
Heinz,

Thanks. Lee mentioned that the OEX is now trading about 25 points above the OEX MAX-PAIN. Realise that it is still early since we still have 3 weeks till expiration.

In light of my short-term technicals in the overbought region and could get to CLASS 1 SELL status by tomorrow/MONDAY if it continues up, I'll be looking for a short-term trade to the downside next week.

seeya



To: pater tenebrarum who wrote (31690)10/28/1999 12:28:00 PM
From: donald sew  Read Replies (2) | Respond to of 99985
 
Heinz,

Just noticed that the TICK is steadily heading down and just went negatative slightly within the last 30 minutes.

Not to say that there will be a big selloff, but it does appear that some of the smart money may be starting to take some profits. It was a very strong 2 day jump to the upside.

seeya


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