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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 662.63+0.4%Nov 19 4:00 PM EST

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To: pater tenebrarum who wrote (32523)11/5/1999 9:31:00 PM
From: bobby beara  Read Replies (2) of 99985
 
Bobby, it really was incredible how giddy they all were...as if a major victory was won with the employment report,

Heinz, thats another thing that clued me in here. Frank Barbera did a study yesterday of these reports and you would have made a bundle over the last year if you bought the day before the report and sold at the end of the day.

I also noticed that these reports also marked some major tops.

On the sentiment front, I watch the opening bell on Bloomberg and nasdaq reporter Suzy Assaad reported this week that traders told her that people were falling all over themselves to get into SUNW.

This is exactly the kind of sentiment at the Nutz top in April, but this is with a big cap general, ALSO have heard the same kind of sentiment with CSCO lately.

They just read something the judge said on the nightly news with brokaw - a blistering attack on MSFT. Sounds like the judge is pounding the gavel and then throwing it at softie, ala Judge Judy.

bb
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