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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: pater tenebrarum who wrote (32349)11/5/1999 1:48:00 PM
From: bobby beara  Read Replies (1) of 99985
 
Bobby, no sell-offs in sight. you'll have many indicators at their most overbought in a long time today...

Heinz, yes they are and several indexes are at major resistance area, dot, spx, oex, nasdaq composite touched the trendline off the jan and july topps today, 9 day rsi should be in mid 80's if we close here today, only thing missing for me to be absolutely confident of shorting this rally today is that vix is not bouncing off bottom band.

Lots of euphoria though, this normally bearish thread is pretty wacky today and i believe some of the people who have been betting against this rally so far are about to start a thread "when will the pain stop" -gg-

bb
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