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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: JRI who wrote (20010)	11/7/2001 9:02:40 PM
From: patron_anejo_por_favor	Respond to of 209892

Gotta admit, they do look tired. Lots of inverted hammers and gravestone Doji's in that group... I'm not so sure sentiment is all that bearish either. Equity P/C's were below 0.50, right around where they were when the dump started in August. I'm not as big a fan of Rydex ratios as youse guys, but they seem neutral. Certainly we're near/at resistence, and certainly this pig has been flung a long way up...and certainly there's been a lot of bearish capitulation on the CFZ boards and Bear Forum. And of course the taunt indicators have been redlining (witness the abuse of AA when he ventured over to the Market Pulse-less board). I think we get a minimum of a 50% fib retrace on all the major indices starting within a week. As the used car ads say, if ahmmmm lyin', ahmmmm BUYIN' (in soize to cover<g>)