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


To: Jerry Olson who wrote (42195)3/4/2000 1:31:00 PM
From: Gersh Avery  Read Replies (2) | Respond to of 99985
 
cashed out my OEX calls yesterday ..

I figure ~80% probability we move up from here (perhaps a slight pull back Monday)

As I said to LG before .. if they run her up into options expiration, buy canned food .. and I think that they will.

edit .. I consider it to have been run up if between now and Wednesday 3/15 the SPX is higher. It doesn't matter what takes place the last couple of days..



To: Jerry Olson who wrote (42195)3/4/2000 1:50:00 PM
From: bobby beara  Read Replies (1) | Respond to of 99985
 
OJ, yep the oex is sitting on the downtrendline at the close Friday and the vix is sitting on the bottom 20 day band. We are in a similar position to october 28th, 1999 as far as the trendline goes.

A follow thru popper monday will cement your wacker bits.

The $usd looks like it popped above a long term rising wedge and could rally here also if so you'll have some rocket fuel for your favorite nasdaq darling.

my WAG is that we will follow thru, we'd be even on wacker bits, the next one will be the tie-breaker -g-

b