MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 681.44

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Nov 10 4:00 PM EST

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To: Jerry Olson who wrote (38551)	1/30/2000 3:19:00 PM
From: pater tenebrarum	Read Replies (2) of 99985

OJ, of the five bears i know, two are broke, and the other three never went back into the woods...<gggg> seriously, both put/call ratios and the Rydex ratios show that the bears are scared to short this market and the bulls are highly confident it will snap right back. bears out of the woodwork looks differently. you mention we were never overbought? well, the 10-day TRIN reached it's lowest level ever during November...that's overbought enough for me... i agree though that one must stay alert for when the bottom's made...it'll be a great opportunity. regards, hb

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