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


To: bobby beara who wrote (76419)5/2/2001 11:05:58 PM
From: Zeev Hed  Read Replies (2) | Respond to of 99985
 
Bobby, we hit about 38% from the bottom on the Naz, today, how much juicier do you want it, it was not as juicy on the fake rally post the May bottom last year. As for my being a bear, hey, I am flexible, I was bullish (prematurely I should say after March 12th, and had to sweat it for almost two weeks (g), and even run for the hills for few days awaiting my new (and better) target low, but then they gave me two weeks of joys (and nice profits) so by April 19th or so, I was essentially out (leaving some stuff on the table for bulls like you <g>), nowI am waiting for my new "bull suit" to be delivered from the tailor, and then I'll join you again in the bullish camp, but I need few things to "fall in place first". By the way, do you have a nice chart on the P/C ratio for the Dow index?

Zeev



To: bobby beara who wrote (76419)5/2/2001 11:47:00 PM
From: Ibexx  Read Replies (1) | Respond to of 99985
 
Hi bobby,

Thanks very much for the links.

My gut feeling is that the market has already factored in a May easing of 50 basis point. Any thoughts?

Ibexx



To: bobby beara who wrote (76419)5/3/2001 6:24:51 AM
From: Haim R. Branisteanu  Respond to of 99985
 
In support of Zeev, the great news are out - so sell the news, then we have headlines

Forget the bottom. Where's the top?
http://www.marketwatch.com/news/yhoo/story.asp?source=blq/yhoo&siteid=yhoo&dist=yhoo&guid=%7B92AF9DEF%2DAACF%2D4FF7%2DA24C%2D8CBF9BE4011B%7D

.......... as few care about content

Then we have the VIX and P/C ratio.

IMHO some long term shorts are covering and the mere size of their position sparked a rally. Bond market says no rate cut.

Haim