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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 694.04+0.7%Jan 9 4:00 PM EST

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To: Terry Whitman who wrote (26152)9/16/1999 11:50:00 PM
From: sargent  Read Replies (1) of 99985
 
Have not posted in over 6 months on this thread (I think), but have read most of the messages.

Tone of entire SI thread is extremely bearish, including MDA, moreso than normal (which is usually bullish) - even the IBD bullish percentage is as low as I have seen it in quite some time.

Market finds a way to go up from here. Too much is on the table on the short side or (long $$) on the sidelines.

Use SI as a good signal for reversals - everyone (longs) is pretty unhappy and bailing.

Just my take - has worked well before - although we have not been on the verge of 3 rate hikes in a while...
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