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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 652.53-1.5%Nov 20 4:00 PM EST
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To: James Strauss who wrote (19349)7/4/1999 12:08:00 AM
From: bobby beara  Read Replies (3) of 99985
 
James, re-look that chart and notice the new highs were again not confirmed by the a/d line.

then question is this a regeneration move or an exhaustion move.

maybe we can get vitowski to comment on the quintuple declining SUM, as the averages are going higher and the sentiment is getting more complacent and bullish.

The last time the put/calls and the spx RSI were at these extremes was on January 6th and at that time i was the fat boy singing and now i could use a double cheeseburger -g-

bb
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