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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 681.43+1.6%4:00 PM EST
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To: John Madarasz who wrote (51810)5/23/2000 1:46:00 PM
From: pater tenebrarum  Read Replies (3) of 99985
 
John, yes...i just posted the link. the crucial point here is of course if the well-trained public will ever consider selling. i have always held that the first week or two of redemptions will likely mark a bottom (they did in '98). in a true bear market that is probably not the case. but then, aside from the NAZ i don't see a bear market yet.
still, the point being made about complacency being nigh is certainly valid.

regards,

hb
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