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

To: bobby beara who wrote (45375)	4/7/2000 7:42:00 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 99985

the one day reading of the CBOE total put/call ratio reached a new all time low of 0,37 today. the Rydex ratio is at 0,09, only 0,01 away from an all time low. the bulls have certainly NOT capitulated....they simply stayed fully invested throughout the 'dip'. i believe those looking at Tuesday as a 'washout' underestimate what it takes to wash out a mania of such proportions. a true panic bottom would imo take about 3-4 times normal NAZ volume of about 2 bn shares, i.e. 6-8 bn. shares. just imo of course...note that the rally, as spirited as it seemed was on very low volume.... regards, hb

To: bobby beara who wrote (45375)	4/7/2000 7:45:00 PM
From: HairBall	Read Replies (1) \| Respond to of 99985

bobby beara: and watta jenifer lopez V-neckline bottom Yepper, but did you see the guy wearing her dress at the grammies...LOL! I believe the washout should provide a floor through earnings season and we will retest the bottom in the may/june period I may be in agreement with you, but I gots ta du ma thing dis weekend furst....and check dem charts! Me thinks the NAZ top may be in....further study is needed...<g> Regards, LG

To: bobby beara who wrote (45375)	4/7/2000 7:50:00 PM
From: pater tenebrarum	Read Replies (3) \| Respond to of 99985

the eighth wonder, or the impossible condition.... csf.colorado.edu next time an 'analyst' explains why the sales of certain cos will grow at 30% or more indefinitely, just go back and take another look at this post...:)

To: bobby beara who wrote (45375)	4/7/2000 7:52:00 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 99985

Bobby, I agree with you that we have clear sailing through most of April and then decline into late may to retest the bottom. I doubt the bottom will give (I have 3800 only for the retest, not the 3649 registered intraday), and I think that this "double bottom" will set the stage for a real mania into the election. I do not see a real bear market bottom (or the first in a series of such "bottoms"), until February of next year. Next year, I believe will be finally the years of the Bears, if any are left around by then (G). Zeev

To: bobby beara who wrote (45375)	4/7/2000 8:21:00 PM
From: set	Respond to of 99985

users.uswest.net here's the familiar 9 month cycle. The market has responded well to this cycle in the past few years. The way things look right now, I think the week will mark a high point. But there are some difficulties. I think these cycles mark launch points more than tops and bottoms. Also many people consider the nasdaq to be the market at this point. If the nasdaq goes up strongly next week, will be launching or topping? Or the cycle could mean nothing. If the week produces a small bar, a simple plan is to bracket it and hope for the best. For me, a high closing week would also be worth a shot on some puts.