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

To: pater tenebrarum who wrote (49791)	5/9/2000 11:30:00 AM
From: James Strauss	Read Replies (1) \| Respond to of 99985

Investor Sentiment Bearish... ****************************** Heinz: With investor sentiment at or near its highest levels lowrisk.com we could be getting ready for some type of reversal soon... I'm not saying a continuation of the uptrend, but, at least a rally within the context of the Bear... Last time we had Bearish sentiment this high was mid April when the Nasdaq reversed upward for a 22% rally... Even if we only get a 10% rally, that wouldn't be so bad... : > This is a longshot, but I have tentative support along the border of an Envelope Channel at 3584... If that fails, it's down to 3400... Jim