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 681.43

+1.6%

4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Jerry Olson who wrote (41145)	2/23/2000 10:19:00 PM
From: pater tenebrarum	Read Replies (1) of 99985

OJ, this is one indicator i won't discard so quickly...the longer extreme readings persist, the more sobering the subsequent correction will be. you have to look at the context as well....virtually all sectors ex tech are collapsing. that should induce at least some bearishness. but no, everybody's mesmerized by the NAZ. i for one take this seriously... please don't make the mistake to take my skepticism as perma bearishness. i've been playing real rockets lately on the otc BB... but i see signs of sentiment indicators getting to fresh extremes along with the NAZ since the beginning of the year. i believe a giant bull trap is being built. these indicators are not telling us we will reverse to-morrow. but they're saying time is getting short. note that the p/c ratios are not the only positioning measures that are off the charts here - the Rydex ratios are as well. needless to say, i take a dim view of the new era rationalizations. however, this is not to say that i deny that indeed important changes are happening in the economy and that exciting stuff is happening. i merely don't believe that the valuations accorded the new era stocks are sustainable. regards, hb

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next