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 672.07

-1.7%

Nov 13 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Crimson Ghost who wrote (51471)	5/21/2000 12:43:00 PM
From: bobby beara	Read Replies (3) of 99985

George, the rydex ratio, and the put/call ratios show the increasing ramp up in levels that would be considered excessive bullishness for tops and excessive bearishness at bottoms. I believe this is a building up of complacency (bubbleheadedness -g-) by people who have been lulled to sleep by the dips that always come back. bullish advisors have continued to be closer to 50% and the wsw elves have just recently come down from and unprecedented level of 8 bulls during this bull market. This is in the face of incredible volatility tells me that most just have bought the belief that every dip will come back, no more need to worry. People should go back and look at the put/call ratios and ii surveys during 1994 - a period of extreme bearishness, as this period of fed tightening is being compared to. Also the fed didn't create a yield curve inversion in 94 as it has now this last week puting the overnight lending rate slightly above the 10 year bond. I doubt the fed can engineer a soft landing this time, i believe the decennial pattern is a much stronger influence here, erasing any presidential pattern influence and we have seen something akin to the oil/gold top in 1980, the nikkei top in 89. that said, there seems to be enough bearishness on this thread short term for a st rally. is the shooting star on the $USD last friday and the three gaps down on the euro last week a sign of an exhausted trend, and did al-waleed (sp?) and (foreign money) just buy one dip too many? -g- the next fed move may be the complete opposite of what most are thinking --gg--- b

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next