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

To: StockOperator who wrote (13751)	5/13/1999 10:38:00 AM
From: Compadre	Respond to of 99985

SO: It could be, and I said last night that I am turning somewhat bullish on this, but I still think it will not make a big run. But rather an overall sideway move. The damage to the technicals were extensive and it is going to take some time to repair. That's mainly my concern. Regards, Jaime

To: StockOperator who wrote (13751)	5/13/1999 10:45:00 AM
From: HairBall	Read Replies (1) \| Respond to of 99985

SO and ALL: Some key resistance points to watch… The DOT finding resistance at the 3/30 high. The COMPX is finding resistance at the 4/13 high. SRL's I have been plotting since the above dates… Regards, LG

To: StockOperator who wrote (13751)	5/13/1999 10:46:00 AM
From: pater tenebrarum	Read Replies (1) \| Respond to of 99985

SO, there is open interest of more than 19,000 contracts at the OEX may 700 call strike (a few 100 contracts have been liquidated yesterday); this is heavy resistance that the market needs to overcome. if it does get past this point however, an explosive move up could indeed be in the cards. regards, hb

To: StockOperator who wrote (13751)	5/13/1999 9:47:00 PM
From: StockOperator	Read Replies (3) \| Respond to of 99985

thread, Based on what I am seeing today I have never been more bearish since the summer of last year. If we do not get a substantial rally tomorrow I believe it is a distinct possibility that the break in prices that I have been talking about may indeed become a reality. As a matter of fact we may actually be in the "eye of the storm" right now and not realize it. I am very bearish right now. Of course the end of the week will give us a more accurate description, but let me just say that today was a horrible day for many issues. If you are long be very careful here!!! Good trading. SO