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

To: t2 who wrote (75284)	4/18/2001 12:40:34 AM
From: bobby beara	Respond to of 99985

newvision, i said a month or two ago, that i suspected the downtrend from jan 31 would last into tax time, which would equal in time the rally from mid oct. 99 into january 1st 00, a tax selling event. it's not to my surprise, that i was surprised by a slighty early bottom-ggg- just like at the 5000 top, there was a massive overhang of longs, now the mo investors are all on the short side and it will take some time to capitulate them. all short clowns are being destroyed like crispy cock roaches under my boots, as we speak -lol-

To: t2 who wrote (75284)	4/18/2001 3:03:46 AM
From: Psycho-Social	Respond to of 99985

RE Possibility of Explosive Nasdaq rally: My indicators of short-term Nasdq sentiment do not show skepticism about any Nasdaq rally, they show fairly strong optimism. My own proprietary indicators have been rising sharply during the past several days and Jake Bernstein's Daily Sentiment Index on the Nasdaq is high: Bullish %s are 67%/3dy mov ave, 72%/5dy mov ave. For traders already holding long positions and waiting for higher prices in the days ahead: good luck, perhaps the Nasdaq will give you a bit more profit before it reverses course. For those wanting to jump in tomorrow: that's dangerous. I'm still waiting to see how my sentiment indicators behave during the expected short-term sell-off. We may have begun the basebuilding process.