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

To: donald sew who wrote (29868)	10/15/1999 9:53:00 AM
From: john rieck	Read Replies (2) \| Respond to of 99985

VIX read anyone?

To: donald sew who wrote (29868)	10/15/1999 9:54:00 AM
From: HairBall	Read Replies (1) \| Respond to of 99985

donald sew: Yep, expectation being supported left and right...note the TYX after popping up to the upper rising trend line of its multi-month rising wedge this AM, it has begun to fall with equities... I suspect a flight to safety reaction. This should give the Market a chance to pause... Regards, LG

To: donald sew who wrote (29868)	10/15/1999 11:53:00 AM
From: Gersh Avery	Respond to of 99985

Violent moves in both directions .. Overall trend down .. shorts being taken out on their stops .. longs being taken out on their stops .. general cash reaction should take effect when the public sees what the computers have done .. At that time there will be no shorts left for support. FWIW Gersh

To: donald sew who wrote (29868)	10/15/1999 1:31:00 PM
From: HairBall	Read Replies (5) \| Respond to of 99985

Donald Sew: What do you think of this bounce and hold pattern. It seems the overall market has taken the Greenspan speech and the inflation numbers fairly well. Me thinks, the intent is not to induce mass selling, yet. No capitulation volume IMO supports further downside, but not strait down. I suspect the intent is to use the BTD mentality to fleece those not so nimble traders/investors as much as possible. So, we will see a variety of declines, with each move down seeming to be "the" bottom. When the "myth" thread becomes populated by a group of disgruntled bulls the bottom will be in...<gg> Regards, LG