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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 681.86

-0.7%

Dec 31 4:00 PM EST

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To: lurqer who wrote (69311)	2/16/2001 1:03:14 PM
From: bobby beara	Read Replies (1) of 99985

First, as I'm sure you know, extreme sentiment readings can both endure and become more extreme. >> >> also, it's possible that the reversal up to a buy signal on sentiment indicators (remember how bullish larry mcmillan was a couple of weeks ago), was a bull trap, in an ongoing bear market. also the ratio of rydex otc bull/bear leveraged funds have been ranging from about 98% bullish money at the sept top, have given back only a few percentage points, not much capitulation there. also note cramer, the 30 top asked about symbols were tech. the sentiment picture is far from giving an all clear extreme reading.

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