MDA - Market Direction Analysis Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : MDA - Market Direction Analysis

SPY 674.96

+0.9%

Nov 25 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Haim R. Branisteanu who wrote (18818)	6/30/1999 12:23:00 PM
From: John Pitera	Read Replies (1) of 99985

Haim, Thursday's ten day equity put-call ratio on the CBOE was .51. There have been only three times in the past ten years with a lower ratio. In other words times when people were more bullish have occurred only three times in the past ten years, the first week of January 1999, --that was the top of the weekly and daily advance decline line and also this year the first week of February of 1999. At that time the daily advance-decline line was at a level that was surpassed only slightly, very slightly, for one day at the May 13 high. And then going back almost ten years for the third time in the last ten years was the mid-May 1990, a time period about two weeks before the first of two tops on the New York Composite and the S&P before the mini-bear market seen in 1990. That's it for the last ten years. The daily a/d line is up only 2 days from a 10 week low, so it is surprising to see so much bullishness in the equity put/call numbers. John

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next