MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 671.91

0.0%

Nov 14 4:00 PM EST

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To: da_cheif™ who wrote (63671)	12/4/2000 12:01:10 PM
From: Saulamanca	Read Replies (1) of 99985

DW, That is a lot of shorts to cover in the S&P, it could provide a lot of fuel for your rocketship some day.-g- On the NDX, it looks like the peak in buying was in the middle of March. My concern is that it seems that there are too many people buying the falling knife. It would make life much easier if we were seeing some real fear and panic. AG Edwards (Mark Keller) lifted five percent from their bond weighting to place into stocks. They are now recommending 70 percent allocation in stocks and 30 percent in bonds. JP Morgan (Douglas Cliggott) raised their stock weighting from 50 to 60 percent, reducing both bonds and cash from 25 to 20 percent. This is by far the most aggressively that the Wall Street analysts, as a whole, have bought into a market decline in nearly a decade. schaeffersresearch.com

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