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

To: John Ritter who wrote (51461)	5/21/2000 10:42:00 AM
From: James Strauss	Read Replies (1) \| Respond to of 99985

Whatever happened to predictions of 6000 by summers end? Amazing reversal, no volume....all money gone to sleepy? John: With two straight weeks of bearish sentiment above 50% lowrisk.com the predictions are now running far south of there (3200 to 2900)... That's good because the sentiment is building towards a nice bottom soon... We'll either have a panic selling bottom on large volume or a quiet bottom where the sellers are gone... At the moment, the quiet bottom scenario looks more likely... That's the one that fools most of the technicians... Jim