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

To: Zeev Hed who wrote (80133)	7/12/2001 8:26:56 PM
From: eichler	Read Replies (1) \| Respond to of 99985

Zeev, Having run through a number of posts on different threads too, it does appear that the consensus is disbelief and bewilderment. I don't think there's many who really think this rally can do much, well...OK...there might be a couple...ggg After some follow through, there will be more. After some more, there will be too many. After too many, pull the plug...ggg Eichler

To: Zeev Hed who wrote (80133)	7/12/2001 9:25:28 PM
From: bobby beara	Read Replies (2) \| Respond to of 99985

>>> I typically vote in opposition of J6P>>> ok zeev, then who are you gonna go in opposition to all the people that were buying poots over the last several days and the rydex traders who were selling the bull funds and loading up on cash and bear funds, or are you gonna go into opposition to today's one day event of call buying. one thing i've learned from larry mcmillan is not to pay attention so much to levels, but pay attention to trend reversals from bullish sentiment to bearish sentiment, the trend along with the market in put call ratios since april 20th has been bearish series of lower highs and lower lows, three drives to a bottom in wyckoff, or five waves down in elliot, you need bullish sentiment to drive a rally as well as you need bearish sentiment to drive a sell-off and making contrary opinion decisions are more difficult (i wish i had made a copy of that bollinger article on contrary sentiment), imho, we are emerging from a period of bearish sentiment, and we will be in a period of bullish sentiment until most traders on SI are bullish again. stockcharts.com[l,a]daclyimy[dc][pb5!b10][vc60]