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

To: Road Walker who wrote (51683)5/22/2000 6:28:00 PM
From: westes  Respond to of 99985
 
It could bounce for two days, or it could rally strongly and break out of the down trendlines.

But, ultimately, it means nothing. The only thing that matters is how many times will the Fed increase interest rates. If we get 50 basis points in June, and 25-25 in July/August, we are going to head down again.

It's not under our control, and no technical analysis technique can predict.



To: Road Walker who wrote (51683)5/22/2000 6:39:00 PM
From: bobby beara  Read Replies (1) | Respond to of 99985
 
>>>Are any folks willing to go out on a limb<<<<

i'll go out on a limb, but if i fall off . . .

nevermind -g-

207.61.23.98

txn 4 successful tests of support and an abc correction

a: 4/4
b: 4/28
c: today.

after looking at trading techs call of the march top a wave 3 top, you have to give that a shot, because the wave 5 count does have some holes in it, that would give us at minimum a failed fifth wave rally lower high or some kind of double top or marginal new high.



To: Road Walker who wrote (51683)5/22/2000 6:44:00 PM
From: Zeev Hed  Read Replies (2) | Respond to of 99985
 
Yes, I have gone on that limb. The -1276 tick (NAZ), the arms reaching 8 and toward the close going under 1, the down volume/up volume reaching a ratio of about 20 the VIX jumping to 32 plus, all before the bounce from just under 3200, indicates to me a lot of pessimism. I see a good rally here, going maybe just above 3800 (get the stumbling bulls back into euphoric mood), before we once more engage in a down leg (in a bout two weeks), but I do not expect the next down leg to go much deeper than about 3400 on the Naz.

Zeev



To: Road Walker who wrote (51683)5/22/2000 8:29:00 PM
From: el paradisio  Read Replies (1) | Respond to of 99985
 
John,the highest reading in calls and puts suggest that investors wants to participate in that market, but they think the market is still uncertain.
Not to invest too much money, but not to lose an opportunity
in the same time....they are buying both,calls and puts.
The p/c ratio is .60 what may be read as more bullish than bearish. I remember that ratio at .76,which was sure bullish.
el


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