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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 670.92

+0.1%

Nov 7 4:00 PM EST

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To: the Chief who wrote (50177)	5/10/2000 3:32:00 PM
From: pater tenebrarum	Read Replies (1) of 99985

we'll see. i am not so certain as to what is going to happen. anyway, i'm not sitting on the sidelines either. i have quite a few sizeable position trades put on, both long and short. there are sectors of the market i like, and others i currently avoid. btw, i am not so sure that the low volume is necessarily a bullish sign. i'd be far more confident to go long the NAZ if i saw a high volume wash-out. while volume was not bad on April 4 and April 14, it was not what is imo required for a true panic bottom. all the sentiment measures i watch are still betraying complacency (yesterday's Rydex ratio at 0,16 and the CBOE total p/c ratio at 0,50). is complacency really warranted in the face of more rate hikes to come? regards, hb

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