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

To: bobby beara who wrote (13727)	5/13/1999 11:54:00 AM
From: j.o.	Read Replies (2) \| Respond to of 99985

Bobby - Have to agree with you in terms of sentiment. Indeed, this is not always the most bullish board, yet I have noticed a marked reluctance on behalf of most posters to really call a big new upmove from here. (yes..there are exceptions, but I am just giving my impression of overall sentiment. The technicals (and wave counts) seem very muddled at the moment, so that is perhaps understandable. Yet the market is really showing decent upmoves here day-for-day, and if this continues a bit longer we might just see some of the still-nervous investors out there abandon their well-founded caution and create a substantial new upleg. I for one have been looking for an upmove to begin for the last 3 days or so, and slowly we are seeing it happen. Yet I, too, lack the conviction in this position to go long 100%. Perhaps this is a sign that I am not the only one, and others will also hop aboard this train when she starts pulling away... Then maybe our old friend, complacency, will return and offer us a decent shorting opportunity. All aboard? j.o.