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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 670.92

+0.1%

4:00 PM EST

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To: bobby beara who wrote (41163)	2/23/2000 11:47:00 PM
From: Lucretius	Read Replies (2) of 99985

did you notice all the calls bot on the QQQ and NDX today? did you notice that the index put/call ratio hit a low i've never seen before? monkeys can chase the tape from day to day.. that ain't rocket science. The real trick is see the big picture and setup for THAT move. 2 and $3 trades from a CSCO move don't interest me. DOn't you wonder why you've been having such a hard time over the last couple weeks in nailing down any sort of trend? you call the NY TImes selloff article a sell signal cause its small, and then you call it a buy signal today??? haven't you wondered why your mkt calls are flipping back and forth from crash to melt-up from one day to the next w/ seemingly ever increasing speed?? go back and read what you post from day to day; you have a good eye for seeing what the herd is doing, but the point is that the herd is trying to do that too.. so the herd jerks back and forth w/ ever increasing changes in direction cause there is no underlying trend. there's just a bunch of traders all trying to guess what the other one is going to do... meanwhile everything continues to drift DOWN... the volatility is getting worse and worse and will get even WORSE as we approach D-day.. maybe we're already there??? the point is.. you are getting a mkt signal saying "walk away." nobody knows what that day is when the naz starts falling and just keeps falling till its down 50% and the few remaining bears cover and then it starts falling again a few days later..... risk/reward... man. the reward ain't there... plus the Fed drained today... if they do that two days in a row.. i'd bar the door...

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