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

To: bobby beara who wrote (74361)	4/10/2001 9:31:25 PM
From: bobby beara	Read Replies (4) \| Respond to of 99985

well of course agent beara was searching for alien excuses for tom and nicole break-ups and a crashola at the bottom -gg-, but folks we got a major bottom going on on 4/4, rydex indicators, except for the otc/arktos relationship, finally got bloody bearish, and now we have a coupla days of 80-95% upside volume under our belts, the shorts have been cocky and confident (i noticed a bunch of short threads at the top of the hot list over the weekend) and will pave the way for a decent rally for at least several weeks or more and i think the bullz will forgive the weak fundamentals, like they did off the january bottom. i would have pounded the table more on the bullish side recently, but i had lost confidence in my counts because this action in nasdaq has been very hard to read and of course got caught in the bear mania -g- also ndx has broken bear channel on todays rally, msft has broken bull flag to upside, msft is back at the top of comp weighting. people don't believe the rally, thats good, wall of worry is rebuilt. ---------------------------------------------- Message #74362 from bobby beara at Apr 6, 2001 12:54 PM jri, i have five waves down completed at yesterdays low on many of the networkers, bdh and a bunch of other stocks from the countertrend rally into the 23rd of march, 207.61.23.99. which i think is the fifth wave down from the jan top, this pullback should hold if i'm correct, for a retrace to the 2000 -2200 level, csco looks very weak today though, not good LOWRISK.COM INVESTOR SENTIMENT REPORT 04 / 09 / 2001 ------------------------------------------------ Below are the results of our weekly "Guess the Dow" sentiment survey. The survey was taken from 04/02 through 04/09 on the LowRisk.com web site. Number of participants: 492 30 day outlook: 22% bullish, 39% previous week 69% bearish, 47% previous week 10% neutral, 14% previous week (percentages may not sum to 100 due to rounding) The median guess for the Dow closing value on Friday, 04/06: 9,428 (it was 9,700 last week). More complete sentiment data is available at: <http://www.lowrisk.com/sentiment.htm>. ----------- A note from our sponsor ---------------- Open an new account and get $200 deposited into your account. Free paper trading program available: > > > lowrisk.com < < < ------------------------------------------------------ Investors grew more pessimistic last week. Our bullish reading plunged by 17% to end at 22%. Bearish sentiment had an even more dramatic move, jumping 22% higher to end at 69%. These numbers are almost as extreme as the readings we had three weeks ago, on 3/18. Of course, those readings did not mark a low of any sort...so we don't think the current readings are necessarily a cause for the bulls to rejoice. The more participation we get in this sentiment survey, the better this sentiment data is, so please stop by and tell us what you think the market is going to do: lowrisk.com best regards, Jeff Walker Disclaimer: The financial markets are risky. Investing is risky. The foregoing has been prepared solely for informational purposes and is not a solicitation, or an offer to buy or sell any security. Opinions are based on historical research and data believed reliable, but there is no guarantee that future results will be profitable. Copyright (c) 2001 by Jeff Walker, Bayfield, CO. jeff@lowrisk.com LowRisk.com- making sense of the market lowrisk.com >.