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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 687.57+0.7%Dec 10 4:00 PM EST

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To: Zeev Hed who wrote (78575)6/14/2001 8:59:24 PM
From: gem-x  Read Replies (2) of 99985
 
Zeev hed..what's up?
Sorry for not responding, but I've been pretty active on other boards.
I think what it looks like (the tic and trin on the NYSE) is that the market is teetering over the edge...too much complacency is ruining every rally, and we haven't seen a major capitulation wave with some serious panic. The VIX and VXN still scream of complacency, and with the NASDAQ Futures being up 10-15 points right now, that's another bad sign of complacency.
We need a capitulation wave down, like the NASDAQ Futures down 50-70 points in order to stop this irritating correction. I'm doing well on the short side, but the market is whole lot more fun to trade when a real rally is going on.
-Ted
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