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

To: Lee Lichterman III who wrote (6669)	2/18/1999 11:52:00 PM
From: Compadre	Read Replies (2) \| Respond to of 99985

Lee: Max Pain is at 620 for the OEX. Guess where it closed today? <GG> pipeline.com Regards, Jaime

To: Lee Lichterman III who wrote (6669)	2/19/1999 12:18:00 PM
From: StockOperator	Read Replies (2) \| Respond to of 99985

Lee, What you say makes sense. And I think by following as many segments of the market that you do, should allow you to be on the right side of the trade, whatever happens. I still believe we are going to see some sort of breakout here. I'm leaning towards that scenario because IF it is a false breakout it should catch many people of guard. If the internals do not improve any breakout should be followed by a swift unforgiving move to the downside. But yet my gut tells me that higher prices are in the wings. When I look at the patterns that have developed on the charts during this recent correction (IBM, DELL, T, GM, INTC are good examples). I see bullish corrective patterns. In the same breath I won't argue with the VIX or possibly higher rates. I will be playing it carefully here. Not trying to read anything into what I see. Good luck trading. SO