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

To: Tom Tallant who wrote (21623)	7/30/1999 11:00:00 PM
From: bobby beara	Read Replies (1) \| Respond to of 99985

Tommy Bulla, you are right and the bulls (crowd) is right on the dips until the last dip, when they are wrong, that's why so many were trapped at the top in 1987, 1929, 1998 and 1973 and created a massive overhead supply to sell on the way down. The put/call ratios indicate that the lion share of traders are very net long over the last six months and have not been considering the downside at all. just like last year, we have a pinpoint reversal of sentiment from excessive optimism to pessimism we shall see bb