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

To: LTK007 who wrote (51492)	5/21/2000 1:49:00 PM
From: bobby beara	Respond to of 99985

that is a subjective call, at the 5/10 bottom there were around 200 posts, friday there were around 150 posts. which leans on the side of bearishness, but not to the degree of the 5/10 bottom. going into the week of 4/10 i don't think the thread had a tremendous bearish slant, most of the bulls were still in their camp, and some of the bears (including myself -g-) thought that we had seen the bottom thru earning season. so you can see from the posts on this thread sentiment is definitely reaching some kind of buy level for a rally that extends more than just a few days, i for one would like to see a flush out, too make it easy to spot -g-, but what the market may do instead is just flail around aimlessly, with a downward bias, frustrating all the day traders out of the market =g= at the 4/14 bottom we had a richter type posting level, ox has the data on this and michael watkins has a chart. i believe the number of posts was comparable to the october 99 bottom, which should give the bulls something to think about, by looking at the reaction off the bottom in nasdaq then and now.