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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 660.19

-0.8%

Nov 18 4:00 PM EST

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To: Techplayer who wrote (59793)	10/3/2000 4:47:43 PM
From: DukeCrow	Read Replies (2) of 99985

Check out these links. ameritradeindex.com ameritradeindex.com ameritradeindex.com Notice that at the May lows buyers were only around 15% of trades. That means 85% were selling. Yesterday, there was still heavy net buying. This doesn't seem like a 100% effective indicator, looking at the comparison graph for Y2K. However, it is a good reference point. Even though negative sentiment seemed to be everywhere yesterday, the retail investor (at least at Ameritrade) was buying over 77% of the time. There's that buy the dip mentality. It will be interesting to see what today's action was like. If we really are headed for an important low (I really don't have a clue if we are), I think we'll need to get down to pretty big net retail selling. We certainly aren't there, yet. Ali

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