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

To: HairBall who wrote (80671)	7/21/2001 6:44:21 PM
From: mishedlo	Read Replies (2) \| Respond to of 99985

Thanks LG. When you do your next chart is it possible to show what you just decsribed or is there a link already? I am trying to find good stuff and post it here (since as one person suggested I do not have an original idea of my own). FWIW Here are some of my thoughts however. The number of people staying away unil it resolves itself is pretty amazing. If the bulls are afraid to buy and the shorts are shaken out (especially if J6P is light in puts) then the market is poised for a quick steep fall that benefits no one but the MMs IMHO. Overall bullish sentiment (ignoring rydex) is at an all time high. VXN VIX are relatively low and rising, MER and some brokerages are under investigation and have in fact admitted fault and made payouts. I firmly believe that even J6P understands he has been lied to about a second half recovery and it will not take much to shake them out at this point. We have not seen a tick count as low as -1000 in this slide which also suggests complacency to me. There still seems to be more people in fear of missing the bottom, rather than FEARING the bottom. This will resolve itself negatively as we both no, the question is when. Finally I am not sure we have not reached the point where the MMs and institutions are even trying to manipulate the charts. False breakouts, headfakes above 2078 2 times etc. One last headfake above 2078 could be in store. The institutions do not have as much inside knowlege thans to REG-FD and thay have proven that they can not think on their own accord, squandering countless millions of $. These earnings give little reason for even J6P to buy, it is my understanding that the fund flows are immensely negative here, and my perception is they are trying to prop this up for the sole purpose of getting out. All that is subjective however, and can not be measured on any chart. Could there be one last huge short squeeze but I think we already may have had it on that MSFT BS. The little shorts have been rattled out, and someone who shorted JNPR at 200 and still holding probably would welcome a 100% rise here to short 100% more. Without capitualtion, mark me in the camp that says every rally will fail. That said, we could have a rally back to the top of the channel but 2078 is a huge shorting op IMHO. Thanks for your reply. M