MDA - Market Direction Analysis Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : MDA - Market Direction Analysis

SPY 683.47

+0.6%

Nov 28 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: dennis michael patterson who wrote (40521)	2/18/2000 12:05:00 AM
From: pater tenebrarum	Read Replies (3) of 99985

Dennis, just got around to reading the posts here...no, you're not alone. i can't remember having seen such divergences between the various indices EVER (specifically INDU/TRAN/NAZ/VGY). incredibly, the speculating public at large doesn't seem to mind at all...index put/call ratios have suddenly plummeted, in spite of expiration week being used to roll over hedges which increases put demand. as i have explained here before, since the beginning of 2000 my worries about the market have increased a lot. there are lots of things to worry about after all, from high oil prices to the poor market internals, the mountain of margin debt, etc. and yet, the sentiment indicators do not reflect these worries. probably because the relentless march of the NAZ is so mesmerizing. not the first time in history this has happened, though never in such an extreme fashion. the next three weeks are a time segment that should be approached with great caution.... regards, hb

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next