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

To: donald sew who wrote (12138)	4/27/1999 12:53:00 PM
From: Ramsey Su	Read Replies (2) \| Respond to of 99985

Donald, once again, the market is responding to INDEX UPDATE like clockwork. So is this the beginning of a 3 days with day #3 the most severe, if today and tomorrow are just kind of correcting? I am never quite clear on that theory. Ramsey

To: donald sew who wrote (12138)	4/27/1999 1:41:00 PM
From: Daflye	Read Replies (1) \| Respond to of 99985

On the OEX...... If the pattern of the last 7 weeks plays out the OEX should back and fill to 675ish, then resume the upward climb, to 705-710ish. This might very well be the short-term top of a trading range from 645-710ish. It's a broad range, 8-10%, but hey, why not. Interesting note, not really but kinda, 7 of the top 10 most active calls are on AOL, 150 strike up, no big surprise there, 2 of top 10 most active puts are AOL, 5 of 10 puts are OEX. Decision point has me all confused now, instead of approaching overbought with this rally, they have the TRIN moving closer to oversold????????????? decisionpoint.com I won't even mention that whacky p/c ratio, you guys have been all over that little mystery. I'm neither long or short the OEX since I missed my short entry this a.m. No more red wine on a monday night. heh heh heh, and DRAT!!!!!! Oh well. Cheers all, D