MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

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Nov 14 4:00 PM EST

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To: scotty who wrote (55381)	6/26/2000 8:38:00 PM
From: pater tenebrarum	Read Replies (4) of 99985

scotty, i wonder if the i-nuts still serve as a good leading indicator for the NAZ...they sure did when the rally off the October low began last year. if so, they would now indicate the opposite... as i have mentioned before, they are an excellent indicator of the market's emotional state, since their valuations are not hampered by such mundane things as fundamentals. they reflect market participants courage, the willingness to take on incalculable risk for the chance to achieve outsized returns. regards, hb

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