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

To: yard_man who wrote (9474)	3/30/1999 10:00:00 AM
From: donald sew	Read Replies (2) \| Respond to of 99985

INDEX UPDATE ======================================= The DOW already got to down-130 and the minimum requirement of my CLASS 1 SELL has already be filled, that was fast! They bumped the PUT premiums greatly this morning, so Im already out of some of the puts I bought yesterday at the close. Now the question is, will this continue to the downside significantly. Right now it is hard to tell since it is so early. A positive is that the NAZ is not selling off that hard. A good portion of the decline so far was KO which sold off strong, so Im not that sure that the selling may continue immediately. Maybe some zig-zagging. Keep in mind that even if we close flat, which would mean a rebound intraday, that is still a reversal signal on a technical basis, while many will interpret that as strength. Will require further confirmation. Seeya