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


To: HairBall who wrote (10704)4/12/1999 3:27:00 PM
From: donald sew  Respond to of 99985
 
Larry,

>>>>> Well, after reading you post, I just went "SHORT" the Market via the DIA, SPY and QQQ...through all the retirement portfolios and retail accounts in to the mix...down from here look out below!!!!! <<<<

Well I did get my CLASS 1 SELL signals, so anytime from now until
tomorrow's high is the BUY-IN window for the short side.

Dont get me wrong, Im not that bullish. Im just not adding PUTs at this time since the last minute IRA $$$ may be skewing things, but I still have my PUTs which I already established which fortunately are still in the money slightly. If I see a quick reversal in the NEW HIGHS/LOWs I will add PUTs since that would give the hint that this rally was motivated by the IRA $$$, which will end THUR.

seeya



To: HairBall who wrote (10704)4/12/1999 5:18:00 PM
From: stockycd  Respond to of 99985
 
LG,

The dang DOW may have been up but the SOX sold off 5 1/2% and closed near the lows of the day. Also the NASDAQ 100 was down 13 or so. Any drop in the DOW will push these further and harder. I'm holding puts on the XLK and am thinking about going long techs by ~Thursday. The rebound in the DOW today freaked me out! INTC and MOT earnings should solidify any direction up or down for the techs.

Chris