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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 662.72+0.4%Nov 19 4:00 PM EST

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To: bobby beara who wrote (18976)6/30/1999 7:44:00 PM
From: Haim R. Branisteanu  Read Replies (2) of 99985
 
Hi BB, would appreciate receiving updated charts to post

Now to support Heinz and Bill H. theory, before you go wildly bullish check this out!!

The 3rd day in a row P/C ratio is below .45 not seen since ?? ---

CBOE Market Stats for June 30, 1999

Put/Call Ratio: .42

VIX OPENING VALUE: 23.22
VIX HIGH VALUE......: 24.28
VIX LOW VALUE........: 20.44
VIX CLOSING VALUE: 21.01

EQUITY OPTION

TOTAL EQUITY CALL VOLUME : 596,205
TOTAL EQUITY PUT VOLUME.. : 181,968
TOTAL VOLUME....................---: 778,173

The low VIX matches your theory of the fifth in bway.net

The high volume (over 600 mill on eachs exchange in a matter of 1.5 hours) from a prolonged low volume period is more typical of blow-off at those levels. Those sellimg were no dummies IMHO

As to bonds I hope so as I am fully invested in Bonds. Actually by September they will be below 5 1/2% IMHO

Haim

BTW just keep in mind Nostradamus like AG he did not know a Bubble wen he saw one <GG>
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