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


To: Saulamanca who wrote (41665)2/28/2000 10:00:00 AM
From: pater tenebrarum  Read Replies (1) | Respond to of 99985
 
like i said...short the rally.
we'll see if and when the dippers show up...anyway i saw only call buying so far in the Dow options especially.



To: Saulamanca who wrote (41665)2/28/2000 10:03:00 AM
From: Michael Watkins  Read Replies (1) | Respond to of 99985
 
We must remember that the COMPX and NDX futures are in a big wedge on the daily chart; they broke to the upside last week and then pulled back.

Should fall to the base of the wedge over the next few days if it plays through.

Canadian market tanking...



To: Saulamanca who wrote (41665)2/28/2000 10:08:00 AM
From: HairBall  Read Replies (1) | Respond to of 99985
 
Jim Bryan: Of course I don't know which stocks you sold, but the NASDAQ has put in a top IMO. The NAZ futures are leading followed by the NDX.

The NYSE issues bouncing on the end of a bungie cord...<g> It will be interesting to see if they unhook and follow the NAZ or continue to dangle.

The Futures for both SPX and NAZ are leading the Indices...

Regards,
LG