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

To: Arik T.G. who wrote (72554)3/18/2001 9:31:35 AM
From: Jimbo  Read Replies (1) | Respond to of 99985
 
Shhh ! - Don't tell anyone COT report shows some covering by the big S&P Commercials in the CME pits - open interest in the front month contracts has collapsed in the past few trading sessions. We are not out of the woods by any means but this is somewhat positive.



To: Arik T.G. who wrote (72554)3/19/2001 11:35:12 PM
From: Death Sphincter  Read Replies (1) | Respond to of 99985
 
Arik....once the NYSE broke that bottom trendline support of 625ish it appeared that the NYSE and DOW correction 'holdouts' must take a nasty spill. can the NYSE not test the 575 level? and DOW 9600-9700? while NAZ and SP slip a bit lower?.......as oversold as everything is, it still seems unlikely to me that they can avoid those levels.

Carl


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