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

To: HairBall who wrote (33801)	11/19/1999 6:56:00 PM
From: James F. Hopkins	Respond to of 99985

LOL; I didnt even see the grub..<G> my madness is because this was a really ODD day..11-19-1999, & we won't have another one until 1-1-3111, Market should really take off 2-2-2000..that will be the first all even day since 8-8-888. ------------- That aside quote.yahoo.com^VIX&d=1ys quote.yahoo.com^VIX&d=5d quote.yahoo.com^VIX&d=1d ----------------- Now not long ago under 23 was time to short and over 26 time to cover..this has gotten to low to stay there. ------------------ Beyond that the amount of calls that just made a ton of money don't want to exersise the calls..they want the profit. All the stock bought and held to support the "puts" sold this month are also subject to get dumbed. Max pain on options was violated , to the high side Normally options close close to max pain. except for MSFT and IBM most of the big boys Csco..Sunw..amat..aol & lu were big call winners. As were most of the nuts. -------------- This can take a day or two, and while I don't think a 400pt drop in the DOW is all that dramatic, these people who have now become concvinced it can't happen might get shook up. -------------------- I can't resist this..it's about OIL DRILLERS and the Service stocks Over and over I hear on CNBC how this high price of Oil should have them rallying. Well dammit I worked the offshore oil fields half my life, OIL prices being high because of cut backs in production don't add up to jobs for the drillers or service people it's just the opposit. The Big oil Co's don't drill that's all contract work, so the BIG oil makes the money on fixing the prices..not ther drillers..they can still go broke. THE HIGH PRICE is NOT because of a shortage..it's rigged. Every time they do this we pay up the nose latter. Jim