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

To: Mike M who wrote (80581)	7/20/2001 12:39:36 AM
From: mishedlo	Read Replies (2) \| Respond to of 99985

Mike there is bearish SENTIMENT but NOT bearish action. People buying calls in the face of this carnage is obscene. Sheep have been trained to "buy the earnings" Well today they sold the earnings. We have yet to see -1000 tick count. When was the last time we saw that? VIX VXN dropped today. Sheeesh. What does it take to panic the sheep. Is it possible? A year ago April we had 5 consecutive days of -1000 tick counts. We can not even get one these days. I am laughing at how they are propping up the index with MSFT QCOM EBAY INTC CSCO and some bios's on again off again, at the expense of EVERYTHING else. I believe I just did a post on this. Well now we are in the everything tanks including MSFT phase. Simply amazing. This will keep working UNTIL it stops. I think the pattern may be too obvious now BWTFDIK? Caution on both sides recomended now as next move should be explosive. M