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

To: pater tenebrarum who wrote (39038)	2/4/2000 9:07:00 AM
From: Crimson Ghost	Read Replies (1) \| Respond to of 99985

heinz: Looks like a stong opening today. I will be shorting the NDX via USPIX if and only if the market weakens significantly by the close. BTW, gold doing better today despite the strong dollar. Up nearly 2 bucks. BYW, some interesting anecdotal evidence of stress in the banking system. There was an ad in THE GENERAL NEWS SECTION (not the financial section) of our local newspaper today by Banc Atlantic offering 10% annual interest on 24 month investment notes. Why would they be offering this to the gullible public unless institutions were refusing to touch it with a 10 foot pole? This could be the tip of the iceberg.

To: pater tenebrarum who wrote (39038)	2/4/2000 9:08:00 AM
From: clochard	Read Replies (1) \| Respond to of 99985

The consensus is always right because a lot of sharp players know they can "make" the consensus right. Any contrarian move is met with tons of "consensus" money, eventually proving the consensus right through short squeezes, bear traps, and the like. It reinforces the whole bull market mentality so that only an occasional application of force at the right time is needed to keep everyone on track. The bears puke up the cash everytime and CNBS clowns drone out any voice of reason.