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

To: lurqer who wrote (67299)	1/19/2001 8:07:32 PM
From: KymarFye	Respond to of 99985

I also noted that observation, attributed to Brian Finnerty as I recall, with interest. The explanation may have sounded a little tortured, but was interesting - that "everyone" wanted the market to come back so as to get in on the expected bull move at better buy points, but that, when everyone wants the same thing, it can't happen. I think that means that the sell-off quickly gets out of control, and you (hedge or mutual fund manager), have to back off or get caught short at too low a price before the ensuing snapback. If you got in, you better cover, even while "bargain" hunters/pullback-buyers sweep in, except by now you've scared those who were already in into taking profits... and... and... I guess they were squeezing themselves, which sounds about right, then starting over again... Either that, or something like it, or the explanation was bs, I guess. Anyway, throw in options expiration and a lot else, and you get 2+ billion shares to nowhere. Still, am I the only one who finds it more than a little ridiculous that AH had seen a huge rally, that the Nasdaq futures were limit up all night and morning, and that many of the contributors to this very thread were presuming it was off the races?