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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 681.92-0.7%Dec 31 4:00 PM EST
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To: eichler who wrote (64208)12/13/2000 6:04:08 PM
From: bobby beara  Read Replies (3) of 99985
 
ya, eichler looking like another bear market rally for the books, the bulls first promised that the election year the stock market only goes up, then they promised that the put/call ratio had reached extremes at the october low and a rocket ship was in order, then they promised that mutual fund tax loss selling was over and it would be up, up and away, then they said as soon as the election foobar was answered, it would be up up and away.

sounds like the bears promises in reverse all the way up -g-

i think we make a new low in nasdaq - darling sunw is breaking support, it's hard to argue with the leveraged fund rydex super bullishness right at resistance, it's like the reverse on the way up when the bears came out at reactions to support.

b
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