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


To: bobby beara who wrote (75201)4/17/2001 7:23:00 PM
From: Haim R. Branisteanu  Read Replies (1) | Respond to of 99985
 
BB, it is very true wonder what the CFZ guys will do now. I feel much better in cash hate those gaps up and down every morning.

At least at a casino you also get entertainment.

Haim



To: bobby beara who wrote (75201)4/17/2001 7:39:22 PM
From: Les H  Read Replies (1) | Respond to of 99985
 
it is unusual to hear on a radio call-in show people asking for exit points on short sales, Juniper Networks in one case, and entry points on oily longs. NBC had segment where gas in Chicago was hitting $ 2.20 today and in California $ 2.31. It was up another 2 cents today as many stations here bump on Monday or Tuesday.



To: bobby beara who wrote (75201)4/17/2001 8:02:51 PM
From: Eurobum1  Respond to of 99985
 
BB...very true statement...

All fever will die down at later time but not this week...

<<i think the bears got to complacent, just like the bullz did at the top, this is causing a liquidity trap for shorts and why we are rallying now, that will attract buyers that will add to the frey, just like they were selling good news in march and sept 00, they are buying bad news now, the perma-bears don't believe the market can go up on bad news, just like the perma-bullz don't believe the market can go down on good news - same thing.>>



To: bobby beara who wrote (75201)4/18/2001 1:58:31 AM
From: KevinMark  Respond to of 99985
 
>>>but it will most likely fizzle when everybody is totally convinced the bottom is in and they got on 10% muny in rydex on shorts and they are buying callz like previous tops.<<<

Bingo! Until irrational exuberance is demonstrated in the indicators, this market will be pushed higher by short-covering over and over again. The institutions were in @ 1600 witnessed by the heavy volume and there not about to sell now until bullish sentiment returns to 80% or higher. Puts have clearly outweighed calls over the past few trading sessions, and they all will expire worthless this Friday. Thus far, I continue to see bearish posts all around, and once they are sucked into believing we have reached a definitive bottom and cover, I will be there to sell short. We very well could squeeze another 500 points out of this rally, before it's over.

Message 15674576

KM