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

To: bobby beara who wrote (31703)	10/28/1999 1:30:00 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 99985

Bobby, i basically agree...the puts are only a play on an ST retrace. regards, hb

To: bobby beara who wrote (31703)	10/28/1999 1:52:00 PM
From: j.o.	Read Replies (1) \| Respond to of 99985

Hey bobby - did you get a good look at gold too? That might have just completed a little V-bottom below 300. Let me know what you think. On the stocks I think that you might just be right. What we have to watch now is where the weekly uptrend (former support, now resistance) comes in. I get it around 1342 on the S&P right now. If we are able to regain that next week, then I forsee much higher levels. The smart trade might be to sell out some of the stuff I accumulated below at these levels, and re-buy if we take out 1350-1365 and finish this or next week above the old trendline...think that's what I'll do. BWDIK <gggg> I'm just happy to have been long a couple of $ per point on the Dow overnight! Nice little bonus, but perhaps more luck than sense? Time will tell. Good trading, j.o. indextrade.com

To: bobby beara who wrote (31703)	10/28/1999 2:07:00 PM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 99985

BB, this rally smells more as a massive short covering combined with window dressing. The economic data did not warrant such a move from yesterday's lows. the real world inflationary pressure are not reflected in the formal statistics since last April. The economy is starting to soften only now. IMHO the market is interpreting the economic statistics upside down. Hi Tech face substantial weakness retail stores a not better of and the consumer is over his head in debt. Best indicator are memory prices which are below Pre-Taiwan earth quake, and oil which should seasonally being at a price peak now. Softening in the ECI data does not reflect compensation under various stock option plans which is now part of every compensation package. Not to mention healthcare benefits so called "seminars" in lawish places company car and cafeteria etc. The oil weakness indicates a softening in the world economy, as were the recent statistics from Japan. The end of this mania will surprise everyone. BWDIK Haim