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

To: John Pitera who wrote (2432)	12/20/1998 9:42:00 PM
From: John Pitera	Read Replies (3) \| Respond to of 99985

Debra, Csco is acting just like Lu did in July when Lu gapped upward and closed over 100. The next day it went to 107 and reversed, I know I shorted Lu at 102 when it had what I felt was an exhaustion gap above form 93 to over 100. I was conservative and bought Oct 95 puts.. with lots of time and premiums the VIX was 17 at the time. Csco I feel is engaging in the same activity and the potential for a great position and trading short will occur tomorrow. Ideally we can have a strong move up in the morning in CSco and can create the spike that EMC had last week. Those followers of Cramer will note how he speaks of these stocks in tandem lately. Cramer was similarly pumped up on LU in July. Passing Thoughts, John

To: John Pitera who wrote (2432)	12/21/1998 7:27:00 AM
From: Debra Orlow	Read Replies (1) \| Respond to of 99985

John, I also noticed the bearish divergence in the Nasdaq, you beat me to the punch about posting it. A big smile came across my face and my heart took a second beat when I looked at that chart. All it needs is a little more up action, one or two days should do it, even if it consolidates here. But what I do need in addition to that Nasdaq chart is a few of the biggies to conform to that same chart pattern. They are almost there, but need to make higher highs in price before they are perfect. Maybe the MU news this week will be the pop that we need to make those patterns perfect. I am particularly liking the charts of AMAT, NVLS, INTC, MU, AMD, ORCL. Yes, people, to short. Debra