MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 689.52

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To: Mike M who wrote (64851)	12/20/2000 11:29:13 PM
From: KymarFye	Read Replies (1) of 99985

You make a good point about the 60% figure: Some of us have become too focused on tech-land. We may be at or near capitulation on the Nasdaq, or it may flail around in any direction with a lower boundary around/above 2000 (big round number; pre-98 crash high, confirmed as support thereafter), but the carnage in the broader market just isn't anywhere near as dramatic. Getting the P/C ratio, VIX, Investment Advisers, and other such indicators up to the levels that some are waiting for might require much more damage in, or apparent danger to, the 80% of the stock market that isn't tech. Maybe when and if the Dow slams back under 10000 and the S&P threatens 1200...

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