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


To: pater tenebrarum who wrote (12547)4/30/1999 2:38:00 PM
From: StockOperator  Read Replies (1) | Respond to of 99985
 
heinz and all,

The thing that really makes your stomach hurt from laughter would be to see a market collapse here just one week away from the Goldman ipo. How ironic. To be a fly on the wall at one of the partner's meetings early next week would be a real trip!

Anyway I am still waiting on the close to see how things play out here.

Regards,

SO



To: pater tenebrarum who wrote (12547)4/30/1999 2:59:00 PM
From: StockOperator  Read Replies (3) | Respond to of 99985
 
With a hour or so left in the markets. The damage appears to be accelerating. I would be careful here, we could very well see a couple of hundred point down day before the day is through. Remember we are up 1100 pts - with those highs coinciding with the last day of the month. I am breaking one of my own rules by being presumptuous, anything can happen in the last hour. But at this point and time it is probably the wise thing to do. Many of those resistance levels proved too much for the markets to handle. I can't wait to download my data to see how the individual issue fared today.

Regards,

SO