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

To: Lee Lichterman III who wrote (31746)	10/28/1999 8:13:00 PM
From: HairBall	Read Replies (1) \| Respond to of 99985

Lee: I spoke to a few of you either through PMs or telephone and pointed out we could have been forming bullish flags but I am still thinking this is ridiculous. I saw the same thing on my intraday charts and my intraday stochastic indicator was supporting it, but I ignored them. Shame on me...<g> However, in my defense I have been very distracted this week with non-market business, so I have not been as focused as usual. I hope to spend some time analyzing the market more thoroughly over the weekend. Regards, LG

To: Lee Lichterman III who wrote (31746)	10/29/1999 4:40:00 AM
From: Dwight E. Karlsen	Respond to of 99985

Lee, re I am considering giving up options until this market settles down and go back to plain stocks which can be held without time limits. There is just too much frenzy out there. That's what I did last week. Actually I've been picking up select issues at low points in individual charts. For example, I picked up 400 shrs of SBUX at $22 last week, which historically is a bargain price. Today SBUX was up over 4.5%, to $26, and I'm so disconnected and relaxed that I didn't even think about the market even once today at work :-). I'm also holding DAL from $47 a couple weeks ago, and that lowly airline was up about 4.4% today. So, while I "coulda" made some great bucks if I hadn't sold my Nov. 1250 calls last week, I instead am still able to benefit from moves like today, that I didn't expect at all.