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


To: bobby beara who wrote (80681)7/21/2001 9:15:29 PM
From: mishedlo  Read Replies (1) | Respond to of 99985
 
Put/Call ratios and accumulation vs distribution are going to determine the next direction unless some kind of panic hits. Based on volume J6P is not buying the crap espoused by wall street. If the institutions have some "sideline cash" they wish to go to money heaven to support this market then so be it. I see no evidence of accumulation but I could be wrong.

I have not started an analysis on put calls.
Only looked at one stock for next month as of this point but AMZN is obscene. Everyone betting on this turkey.
INTC CSCO MSFT need to be looked at. P/C ratios reed to be looked at on equities in general and on the QQQ's traded by the pros.

If panic hits in opposite direction of Put/calls (if there is a masive # of puts out there and the market goes to hell) it will be very very interesting: No doubt another surprise rate cut in an attempt to prop up the market. If he tries that again I hope he falls flat on his face.

Greenspan's attempt to prop this market up and get consumers to spend to the point of them being tapped out, is going to make whatever dive this takes all that much more worse whenever it comes, and it is coming soon IMHO.

M



To: bobby beara who wrote (80681)7/22/2001 2:59:08 AM
From: ig  Read Replies (1) | Respond to of 99985
 
"...it's true that falling wedge has bullish implications, but there is no guarantee that we will break out of that now..."

I don't know of any guaranteed patterns. Do you? If so, please share.

ig