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

To: Zeev Hed who wrote (43532)	3/18/2000 10:52:00 AM
From: Monty Lenard	Respond to of 99985

<I am cautiously bullish> Hi Zeev, I am caustiously neutral (in other words....I QUIT! .. before I do something stupid) <G> I am way ahead of this game and I think it is time for me to just watch a while (soon as I close out some I shorted Friday come Monday). Monty

To: Zeev Hed who wrote (43532)	3/18/2000 1:33:00 PM
From: Crimson Ghost	Respond to of 99985

Zeev: Not only did we not get extreme downs in the tick, but such indicators as VIX and put/call ratios never showed much fear in the market. I do agree though that this move probably has somewhat further to go. But would not be surprised if we got a big (but brief) drop after FOMC. People are so used to the market rallying after FOMC meetings that they jumped the gun in a big way this time. The normal pattern of weakness into FOMC and a rally after looks to be running in reverse this time.