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

To: Michael Watkins who wrote (40902)	2/21/2000 8:36:00 PM
From: Jon Tara	Read Replies (2) \| Respond to of 99985

But that's just not true - that everybody is always wrong. In fact, concensus often is correct at major market turns. It's the REST of the time when "everybody" is usually wrong.

To: Michael Watkins who wrote (40902)	2/21/2000 9:32:00 PM
From: Kailash	Read Replies (2) \| Respond to of 99985

"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." Hard to gauge this. What do you make of the NDX puts? "Chris Johnson, the managing quantitative analyst at Schaeffers, reports that there are now five times as many NDX puts open as calls (239,436 puts versus 48,336 calls)." Message 12932975 Kailash