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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 690.270.0%Dec 26 4:00 PM EST

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To: Grandk who wrote (47337)4/19/2000 5:31:00 PM
From: pater tenebrarum  Read Replies (1) of 99985
 
JK, there definitely was only a little fear at best. AND it was a great demonstration showing that liquidity can dry up to such an extent that it becomes nearly impossible to sell large positions. i think several institutional investors were jolted by this fact last week, and may try to sneak out in the current retracement rally.
like i said, the RYDEX ratios are right back at extremely overbought levels, with the tech component at roughly 81% now. Bobby said it already, at important bottoms, the tech component tends to shrink to 20%.

regards,

hb
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