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


To: el paradisio who wrote (52197)5/25/2000 10:39:00 PM
From: bobby beara  Read Replies (1) | Respond to of 99985
 
el, the vix is another triangle waiting to break out.

also the nasdaq tailed into the broken trendline today from 10/98, 8/99, 10/99.

the ndx tailed off the 200 dma and the little H&S pattern of the consolidation since 4/17 low.

yes there is bearish sentiment, but coming from a bubble environment may sway people's anecdotal perceptions.

where the money counts, the put/call ratios are still too low for a correction this size and swenlin's rydex ratio still shows too much bullish sentiment, in face of the decline.