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

To: AllansAlias who wrote (47194)	4/18/2000 4:15:00 PM
From: pater tenebrarum	Read Replies (5) \| Respond to of 99985

Allan, the rally is viewed with skepticism by many, including myself, which argues for its continuation. it still feels like a bear market rally though. too violent and swift. regards, hb

To: AllansAlias who wrote (47194)	4/18/2000 4:32:00 PM
From: lawdog	Respond to of 99985

I'll vote for sucker rally and I wouldn't be the least bit surprised to see the NAS at 4300 before the next downtrend takes the NAS to around 2500. Saw in the last few minutes that QQQ puts were slightly undervalued. Bought April 93s and 95s. Hoping the overbought conditions and economic news result in a retreat. The markets have not priced in the valuation bear that we've entered. The excess still needs to be wrung out of this market. Way too much complacency and not nearly enough fear.