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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: Glenn who wrote (17923)	3/17/1999 2:31:00 AM
From: Junkyardawg	Read Replies (2) \| Respond to of 90042

I enjoyed this persons remarks on the market. It mirrors my feelings on the market. Of course Shadow is much better at stating the facts. BTW: I copied this on Last Shadows thread. To: +LastShadow (10641 ) From: +LastShadow Tuesday, Mar 16 1999 7:18PM ET Reply # of 10661 Some thoughts Due to options and futures expirations this week, a typical jump in prices could cause the buy signals to be triggered at a time when buying risk is very high. Bullish complacency continues to be exhibited in the Arms index numbers. We've been hovering in slightly overbought territory for seven days. I can't figure out if this is a pause before moving into very overbought territory in a spike up, or a sign that the market is too tired and complacent to move much higher. Volume is not impressive. the huge 7 billion in money markets is still there and not buying yet. I can't imagine that they will buy given the other indicators, especially before options expiry. The rest of the week should be interesting.