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


To: Stephen M. DeMoss who wrote (28940)10/9/1999 6:07:00 PM
From: bobby beara  Respond to of 99985
 
timely.com

it looks like to me, 4 ended on 10/4 and now you can see a five wave sequence off that low and we are in five of five now with the rally on Friday - wave counts are subjective, but this fits with the options-conniption that Robert McHale posted on AMZN, i would assume most of these guys have a similar profile.

These guys are topping out on such out of whack sentiment may be indicating that this is a bear market rally and the broader market may be topping out also.

As far as sentiment extremes go, i might remind all that the 90% bullish reading on the $USD at the July top may be like the sword of damocles -g-

bwdik