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


To: donald sew who wrote (14981)5/26/1999 8:23:00 AM
From: briskit  Respond to of 99985
 
<OT> Good morning everyone. Has this thread suddenly gotten postively "chatty" for some reason, or is it just my imagination? I have never seen so many posts in one night! Back to reading ggggg.



To: donald sew who wrote (14981)5/26/1999 8:30:00 AM
From: James F. Hopkins  Respond to of 99985
 
Buy Programs on the open if the Futures hold, FV 3.59,
Buy 5.36 sell 1.68, we are about $2 into the program buy
side if we stay +7.20
close 10 cent below fair value last night.
Jim
PS I don't see this as bullish,
but we did get short term over sold, and
the market makers cut the bids late yesterday
to cover their shorts, and is why we closed a little more
negative than we should have.
They may short more on the pop , it will depend on how much
money they see coming in.