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

To: bobby beara who wrote (50689)	5/14/2000 12:44:00 PM
From: lurqer	Respond to of 99985

i doubt there were many stocks that looked like this in 1994 As I said I also believe '00 will be worse (from a bullish perspective) than '94 because the excesses are worse. Since I'm currently being bashed elsewhere for being too bearish, your post is refreshing. <gg> Having watched your nimble agility, I've no doubt how things turn out, you'll make money. Hanging around... lurqer

To: bobby beara who wrote (50689)	5/14/2000 7:53:00 PM
From: lurqer	Respond to of 99985

the numerous charts like the above paint a much different picture of investor sentiment, than that of 1994, when put/call ratios were averaging in the .75 to 1 area for almost the whole year The brevity of my response this morning resulted from the immediacy of my departure for Mother's Day activities. Yes, not only the put/call ratio but many sentiment indicators (see HB's posts re. Rydex) indicate the complacency of the dippers. That plus the amount of interest rate "hikes" that I believe will be necessary to slow this economy will (IMO) result in several shortable rallies this year. In fact I'm looking forward to the opportunities. Where I differ from (as best I understand) your position, is I will be "plowing" any proceeds from the shortable rallies into LTB&H positions for a soon (~ 1 year) to be resumed secular bull. As to who is correct only "time will tell". In the mean time, I enjoy your posts and wish one of the best "stoopid spekulaters" I read, Good Trading. Just hanging around... lurqer