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

To: bobby beara who wrote (5853)	2/9/1999 2:33:00 PM
From: Daflye	Respond to of 99985

Ditto, though indices are showing signs of support there's no "Umph" to it, no real sense of a washout bottom, no reason to get excited about the upside. I've picked up some OEX calls for a daytrade, OEX seems to be finding short term support 610-612. If we get a retrace to 620, I'm out with my profits, if 612 looks to be tested again, I'm out with a slight loss. Will be looking to get on the short side again before expiry. My biggest mistake could be to "over trade". I'm not good enough to catch every up and down move. I shouldn't even try, heh heh heh. NDX looks to have bounced off of 1975, for now. On the NDX put/call ratio, 1.24 for Feb 1.85 for March, it seems likely that more downside is in store for this options expiry, but I'll have to recompute it when the open int is released tomorrow a.m. Good hunting man, D

To: bobby beara who wrote (5853)	2/9/1999 4:27:00 PM
From: GROUND ZERO™	Read Replies (4) \| Respond to of 99985

bb, Did I tell ya? Well, wait until tomorrow..... GZ