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

To: Kailash who wrote (40871)	2/21/2000 11:28:00 AM
From: Jerry Olson	Read Replies (1) \| Respond to of 99985

K always trade the other way of sentiment..always... man like i said...lets see a big CRASH magazine cover soon..that WILL be the bottom<G>

To: Kailash who wrote (40871)	2/21/2000 11:53:00 AM
From: Benkea	Read Replies (1) \| Respond to of 99985

OJ: How does this: "always trade the other way of sentiment..always..." square with: "we ALL know the NAZ is the New Economy Index...it never goes DOWN...."

To: Kailash who wrote (40871)	2/21/2000 7:31:00 PM
From: Michael Watkins	Read Replies (2) \| Respond to of 99985

This is the question. Everybody knows the Nasdaq never goes down, everybody is predicting it will. But everybody know that in the market everybody is always wrong. That's exactly it. I don't think everyone thinks the market is going to crash, overwhelmingly the lay person believes that it only goes up. I don't know a single individual investor (from friends, family and colleagues at work) that share my concern. They all wanna buy the dip. There may be folks like us, some technicians, and a few typical bearish commentators on the tube all calling for a downtrend, but counter balancing them you have the entire public and the sell side machinery all saying buy the dip. I'm pretty sure the weighty balance of sentiment still favours the "never going down" side. Far from me to say they will be wrong this time, we shall find out tomorrow in all likelyhood.