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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 671.910.0%Nov 14 4:00 PM EST

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To: pater tenebrarum who wrote (55384)6/26/2000 9:13:00 PM
From: Tunica Albuginea  Read Replies (1) of 99985
 
heinz," i-nuts reflect market participants courage, the willingness to take on
incalculable risk for the chance to achieve outsized returns.".

They have certainly been an indicator until now.
perhaps they will continue to do so.
They are getting slaughtered.
One by one, The Bear is taking them out.
I think this Bear has been starved so long that now
he is making sure he cleans every plate he gets.
Once cut, everything is likely to stay down.
I suppose for last he'll take the big meal.
By then he'll have grown quite big and powerful.
Nobody will/can stand in his way...IBM...INTC...MSFT...HWP
even GE......They will all be cut to size.

This summer rally is very feeble. I think it is run by would be
day-traders in the -vbg- in Institutions..........-vbg-...
Not like the original Day-Trader though.....
QCOM up 40 points a day..........those where the days my friend......those where the days.....

TA

To: scotty who wrote (55381)
From: heinz blasnik Monday, Jun 26, 2000 8:38 PM ET
Reply # of 55388

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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