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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 676.47

+0.8%

Dec 18 4:00 PM EST

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To: Death Sphincter who wrote (67270)	1/19/2001 5:21:17 PM
From: craig crawford	Read Replies (2) of 99985

>> those are some pretty fast fingers you've got. machine gun posting. << It was early in the morning and no one was up but me. I tend to babble on when there is nothing going on in the early morning hours <g> >> Parabolic spikes, like NAZ to 5100, result in hard and heavy selloffs...and in turn this leads to sharp and violent rebounds. The real ranting and raving is being done by the "Flecksteins' of the world when they can't handle the 'game'. Did the NAZ/market go to extreme valuations? certainly. Did it get a deserved haircut? certainly. will there be more? probably. does it have to happen RIGHT NOW? not necessarily. does price action go in 2 directions? DUHHH! can you trade both directions? some can and some can't. do people whine and complain because they were long at the top and procrastinated on going short until it got near a short term bottom? yes....and then failed to cover their shorts or attempt to get some long action? yes are you ranting and raving? not in my book---you just have fast fingers << See, now you make a lot of sense. Not super bullish or super bearish, but an opportunist. How come you don't post on this thread more often? p.s. I think bulls and bears are going to have much less fun in the next couple of months. The market is not going to satisfy the bears by slamming back down to the lows like they hoped, but it's not gonna be a moonshot to 3500 like the bulls would like either. It's going to be back in forth, probably with an upside bias. That kind of action says to me it's time for another vacation until the markets go to another extreme.

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