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Strategies & Market Trends : MDA - Market Direction Analysis

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Nov 14 4:00 PM EST

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To: pater tenebrarum who wrote (36638)	1/5/2000 1:21:00 AM
From: Cathedra	Read Replies (1) of 99985

heinz, if you just looked at today's put/call ratio, you would never have known we had a mini-crash. There was incremental improvement in the overall p/c ratio, but far from panic proportion. And the total OEX options volume was pathetic! VIX was about the only indicator that showed fear in this market. So, I agree that there is still too much complacency and we are quite a ways away from a solid bottom, one from which the market can consolidate and launch the next bull move.

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