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

To: The Perfect Hedge who wrote (4857)	1/28/1999 6:55:00 PM
From: donald sew	Read Replies (1) \| Respond to of 99985

INDEX UPDATE ============================== Limited on time so will make it quick. The SPX and OEX are borderline CLASS 2 SELLS. The NAZ, DRG, NDX, DOT are borderline CLASS 1 SELLS. The buy-in time is tomorrows highs. Of course the CLASS 2's could morph into CLASS 1's and the BUY-IN day would be Monday. The DOW is only in the mid-range so it could move up 2-3 days more. I will initiate a small PUT position tomorrow, since the DOW is still not at the extremes. If the market continues up MON/TUE, I will add on. This pullback should be sizeable. Seeya