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

To: Jerry Olson who wrote (42206)	3/4/2000 2:36:00 PM
From: bobby beara	Read Replies (1) \| Respond to of 99985

...so if we selloff into the end of the month say.... nah, uncle al is great for turning points, we rally into fomc, then flatten out, for a week or so and get a final popper into april earnings and ira inflows which is sold into by the bigs, just another wag -g- b

To: Jerry Olson who wrote (42206)	3/4/2000 3:32:00 PM
From: Gersh Avery	Read Replies (1) \| Respond to of 99985

Thanks OJ .. With that T+3 fund stuff I'm stuck with, it's hard to trade with P&F. By the time I would have a solid buy signal a good 25% of the move up has already taken place. Then I would have to wait for that T+3 .. there goes another 50% of the up move .. then the sell signal hits .. of course 25% down move before that takes place. Then I wait for the T+3 .. 50% of the down move hits .. my net then is I managed to ride 50% of the down move .. I could live with it if it were not for the T+3 .. Instead I have to use the best crystal ball that I can come up with .. In the time frame looking forward .. if "they" want to dump more stock, "they'll" move the market up now .. If "they" wish to take stock back into inventory then "they'll" drop the market to get folks to sell. The next move would then be up from there. Either way .. right now is good for the 401k. Now options .. those are a slightly different story. gotta buy calls when the stock (or market) looks like it's going to hell in a handbasket . puts when everything looks like it's going to the moon. The sudden change in direction puts a slingshot effect on the prem. I sold off the OEX calls because I think that the probable rise in the OEX will be slower than the decay in the prem. I might consider deep in the money calls where there is very little prem left .. but not out of the money. Not March's .. and April will have far to much prem on 'em right now .. Anyway .. these two targets have me doing things like .. last Thursday AM calling in the order to go long the 401 .. Friday buying calls. Both with the same target in mind. Got screwed on the 401 entry .. I was targeting Friday close .. got Monday .. Next time I'll give 'em an extra day .. Wish I could put in a limit and stop on that thing ..