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


To: John Pitera who wrote (47331)4/19/2000 4:29:00 PM
From: AllansAlias  Read Replies (1) | Respond to of 99985
 
Passover and Easter. A strange time to be putting together a nuclear short-shrike.

I was going to add more puts at the close, but I am going to wait for the morning. I can not imagine that this dark-cloud cover does not portend at least a small down day, but I am willing to pay a little more for getting some confirmation. Most likely scenario for me tomorrow is dogi-like day.

I do not think the dollar chart can coil any tighter. If this portends a big move I want on. For fundamental reasons it has to be down IMO.

Question: What's the next best means to short the $US other than selling a future contract? Are there options on currency contracts?

Thanks again. --Allan

There are no stupid questions, only stupid answers.



To: John Pitera who wrote (47331)4/19/2000 8:24:00 PM
From: el paradisio  Respond to of 99985
 
John,good observation and I almost forgot all my Jewish friends.Trading range is very likely,Jewish investors are not maybe deciding about the market direction,but having a lot of influence on the market.Last year they were wrong,predicting big crash before 2000 and it happened to be the best bull market.Let me look at my data and I will post it later today.
el paradisio



To: John Pitera who wrote (47331)4/19/2000 10:57:00 PM
From: el paradisio  Read Replies (1) | Respond to of 99985
 
John, I do not see any alerts yet.Confirming a trading range
for NDX 3550-3790 and for DJIA 10,600-10,900.
No bullish,not bearish.I would watch closely that lower support lines.
Dollar is getting weaker,which can bring more bearish signs.
On another hand I've noticed some small caps coming alive today, which should be positive for overall market.
el paradisio