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

To: donald sew who wrote (6187)	2/12/1999 8:44:00 AM
From: dealmakr	Read Replies (1) \| Respond to of 99985

Don, The one thing that bothered me about yesterdays power move is that the bulk of it came after the futures pits were closed, shakeout?. Currently have an open OEX Feb 620 put position and will decide today whether to close. I should have picked that move up as the put quotes dropped in a very rapid manner which IMO was someone coming into the market with size to sell. Dell under pressure today per CNBC, will see if it means anything. Good Trading Dave

To: donald sew who wrote (6187)	2/13/1999 2:05:00 AM
From: Art C.	Respond to of 99985

I realize that, don. Personally, I think that the market is going to tank somewhere around March. The US economy is considered great at the moment. I'm not too sure that is not just an illusion at the moment. The so-called "global" economy sucks right now, and we are running out of places to export to. With all the devaluations in relation to the dollar, we are looking pretty expensive right now. It has to come to roost at some point. Also there are too many things that are artificially holding it up; for instance the influx of money from 401k's, the internet frenzy, the introduction of individual investors on the net----etc. etc. etc.. Even it it doesn't come to pass in March---I believe that at some point this year it is going to get unrealistically bad, because even practical folks are not going to take the chance on a Y2K panic. Art