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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: GROUND ZERO™ who wrote (45444)1/9/2000 12:21:00 PM
From: Lee Lichterman III  Respond to of 94695
 
>>but I also thought that those supports would break under the interest rate pressure<<

I don't think the interest rate picture is what is hurting the market right now, at least directly. The ridiculous valuations on the fewer and fewer stocks is where the problem lies in my opinion.

The broadening out as shown in the A/D is bullish but I wonder how much of it is seasonal and will evaporate. ALso the Russell running was one of the signs we were waiting for a year ago to signal the final top. Is it finally happening????

My main problem is how the weekly charts are bearish as all get out while the daily charts look bullish due to the sharp rally Friday forming tweezer bottoms and bullish engulfing patterns. Which do we believe?

One last question. Does anyone have a good site that shows all the open interest, by strike, for OEX options? I tried CBOE and Financial site but both are down. I need to figure out Max Pain and don't want to use Ben's number.

Good Luck,

Lee