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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: bobby beara who wrote (19151)	7/2/1999 9:54:00 AM
From: HairBall	Read Replies (1) \| Respond to of 99985

bobby beara: You often get the most froth as the beer barrel gets near empty. Of course there is nothing wrong with drinking the last few beers, but smart folks recognize what the extra bubbles signify...<g> Regards, LG

To: bobby beara who wrote (19151)	7/2/1999 10:11:00 AM
From: pater tenebrarum	Read Replies (2) \| Respond to of 99985

Bobby, <<Top of the LA Sunday bus section: "Has the U.S. Economy Entered a Gold Era?>> uh-oh. J.T. over on the MITA thread has expanded a bit on your theory that a blow-off may be characterized by never before seen extremes in the sentiment data - that is quite possible, and i have duly mentioned the possibility in my last p/c ratio update. i would say we should look at how a pullback impacts on sentiment - if skepticism returns quickly, we may indeed see the blow-off many have been waiting for. in which case there is no telling how high we could go. of course, it could be a most ingenious bull trap as well; if past extremes in bullish sentiment are taken as a yardstick, then this is what they now suggest. regards, hb