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

To: bobby beara who wrote (41018)	2/22/2000 10:40:00 PM
From: pater tenebrarum	Respond to of 99985

iBobby, it's a strange market..btw, Rydex ratio stands at 0,13, so no real sentiment washout has occurred, due to the strength of the tech stocks. the polls (AAII, Consensus Inc) looked better, apart from the II poll, which made a secondary peak along with the top in the Dow. but polls are just words...the ratios are an expression of what people are doing as opposed to what they're saying. money flow into Rydex funds has made a blow-off type parabolic move lately. this is not to say that there aren't things worth picking up for bounces...even MO looks good for a trade. just that i don't think a sustained move higher is very likely from here. hb