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


To: Haim R. Branisteanu who wrote (42794)3/12/2000 12:13:00 PM
From: Monty Lenard  Respond to of 99985
 
Yes I remember when the ran MOT up but I made a little shorting it then also. As far as the Specialist System, I think the Naz crooks have taken it over. I see trades go off above and below the market all the time and the BBid nor the BAsk print at those prices on NYSE stocks? If fact I have been using that as a signal to short or cover. <g>

If you look at LU chart I think a lot of them got caught with their britches down when LU dropped 20+ that day and they needed some excuse to move it back up and give them the opportunity to do just what you suggested....hand it to the J6P's in the 66 to 74 range. I have noticed that the minute LU starts to fall a little too hard some heavy buying comes in to support it. I think they still have a lot of shares to unload before they let it down hard but I am a patient person. <G>

Monty