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

To: Haim R. Branisteanu who wrote (10898)	4/14/1999 7:10:00 AM
From: pater tenebrarum	Read Replies (2) \| Respond to of 99985

Haim, i was referring to open interest on OEX put strikes. this doesn't mean that i rule out a correction, i'm only saying that there will be no sharp break before expiration. with regard to individual equities, yes, the ones which have seen the most call speculation will be taken down, a process that has started already yesterday for all i know. this may cap the upside, but the recent rally in formerly neglected stocks could very well continue. the signs of the kosovo conflict widening are indeed disturbing. the ultimate consequences of this war are vexingly unpredictable, but one thing is certain: the situation will get worse before it gets better. regards, hb