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

To: Paul Shread who wrote (46380)	4/14/2000 10:44:00 PM
From: michael norman	Respond to of 99985

This is what is happening. The day traders and margin buyers were making Wall Street nervous. It could mean new laws. Wall street does not want the government interfering.It is all a manipulation. Do not fear ; the market will rally before the election. mike

To: Paul Shread who wrote (46380)	4/14/2000 10:46:00 PM
From: bobby beara	Read Replies (1) \| Respond to of 99985

<<<put-call ratio of greater than 1.0 usually signals a bottom. That tells me we have one more day like today>>> that is recent market history, which may not be valid if we have made a major bull market top, historical put/call ratios have been much larger at bottoms of markets as recent as the 1994 bottom, we are in an era of unprecedented bullishness. i believe the commodity like spike the in spx from the march bottom was a blow-off top. b

To: Paul Shread who wrote (46380)	4/14/2000 11:00:00 PM
From: lawdog	Read Replies (1) \| Respond to of 99985

Very possible. I'm hoping for selloff Mon morning with rally Monday afternoon carrying into Tuesday. Naz high 3ks is not out of the question by options expiry. Something besides normal selling is behind the downturn today. Look at the Nasdaq intraday chart for today. Selling started almost immediatly after the open. Downturn continued until noon eastern when the market mysteriously stabilized at slightly under 3500. At 1PM Eastern the selling resumed an the market decreased in a step pattern until the close. This makes me think that a hedge fund(s) and/or mutual fund(s) was liquidated today.