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

To: pater tenebrarum who wrote (42163)	3/4/2000 7:05:00 AM
From: Doo	Read Replies (1) \| Respond to of 99985

....but, IIA sentiment numbers have backed off their extremes and the NYSE confirmed a likely intermediate term low (2/25) with this Wednesday's price and volume action. Hey, it doesn't look classic to me, and I'm watching all the sentiment numbers you've posted, but I have to agree.....the trend is your friend......and it's a clear trend, at this point. I'm not comfortable, by any means, but I'm not going to ignore the substantial opportunity to profit from the long side. Take out 2/25 low in the NYSE (I hate it that corresponds with Favors' hedge of 3/3), and show me some significant distribution in the NAS and I'll reconsider. Show me another price and volume confirmation of 2/25's low in the NYSE and the broadening we are seeing in the a/d and small cap value, and I'll capitulate for far longer.