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

To: Mike M who wrote (72437)	3/17/2001 12:27:48 AM
From: bobby beara	Read Replies (2) \| Respond to of 99985

their puking, but not selling yet, gone to a yuppie cocktail party lately and hurd anybody say they are totally in CD's -g-, no, they are averaging down, because it's a great buying opportunity. this week was a watershed week that saw all indexes take out major supports on monday gaps, i had thought that we would get a better right shoulder rally here but it appears to me the bullz put all their chipz on the table going for broke into jan fomc. this bear market is moving very quickly, sherwood's concave/convex analogy is quite valid, this thing was ballistic in making excesses, took no prisoners, it's doing the same thing on the way down.

To: Mike M who wrote (72437)	3/17/2001 9:33:21 AM
From: kendall harmon	Read Replies (2) \| Respond to of 99985

Actually, while there is some evidence that they (the public) are beginning to be more fearful, there is lots of optimism out there STILL. NPR carried a story Friday afternoon about a gentleman who had begun managing his money four years ago, was down about 15%, and was eagerly looking forward to buying MSFT when it begins to rise. John Murphy has noted that some sentiment surveys still have a lot of bulls showing up.