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

To: t2 who wrote (80818)	7/24/2001 2:12:15 PM
From: t2	Read Replies (2) \| Respond to of 99985

CNBC reported that European and Asian markets near lows. Dramatic drop worldwide. Along the way, it would be reasonable to assume there are those that want to buy when everyone else had been selling. Selling of strong groups as well. Volume low on the markets, probably means the short ratio is on the rise. I don't need more reasons to be bullish. Still not pleasant to see the markets getting crushed but that is how it unfolded in March as well. Just wondering when the reversal takes place. (maybe as we get close to 1940 level--as some pointed to this level) If it goes lower than 1940 ...I will probably consider selling many long positions and wait to buy them again.

To: t2 who wrote (80818)	7/24/2001 6:55:40 PM
From: Greg Jung	Read Replies (1) \| Respond to of 99985

NV I hope you are independently wealthy and use only your monthly allowance after expenses to buy these options and dont really care if they work or if they don't. If it does matter let us know.

To: t2 who wrote (80818)	7/24/2001 8:56:42 PM
From: mishedlo	Read Replies (1) \| Respond to of 99985

NV - what you think you see as "bearism" simply is not there in terms of a TICK count or Put/call ratio or Vix/VXN. You are reading sentiment on these threads where plenty of investors like myself are bearish. The interesting thing is the number of former bears on the sidlelines waiting for a move. With shorts cleared out and put/calls suggesting complacancy we are poised for a huge drop IF the powers that be think it is time. As for me I keep taking profits off the table but reinvesting them into more promising shorts or rolling them over so I will lose less. This AM I sold my QQQ 43's for 41's or 40s'. Pulling cash out of the process. M