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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: J.T. who wrote (1663)	12/2/1999 12:16:00 AM
From: fut_trade	Read Replies (2) \| Respond to of 19219

SPX critical points ---Bullish 1400 ---Neutral 1387 ---Bearish My guess -- a small rally (say to about 1410 to 1412) will occur this week. May present a good opportunity to short. I think market breadth will improve a little and then turn down by Friday's close. I just don't see enough strength to drive this thing much higher.

To: J.T. who wrote (1663)	12/2/1999 11:39:00 AM
From: J.T.	Read Replies (3) \| Respond to of 19219

MSFT is acting strong. It is now at 93 7/8 after reaching intraday high of 94 3/16. I have went in and bought MSFT DEC 105's at 3/16 to put on this strangle now. I went with the 105's because the 100's are going to be basically worthless with a bad employment number tomorrow anyway. 100's and 105 premiums will disappear with any bad number. But with MSFT base formation for past 8 months? It will break out hard to the upside with a benign employment number and MSFT will move up hard and fast. It is climbing this wall of worry and is poised for huge pop that I want to be in for if # is right. Either way, I am poised for this hard move up or down. I will lose both ways if MSFT stays in narrow trading band. I do not expect this to happen. You must be willing to lose your entire investment. Out until this afternoon. Best Regards, J.T.