MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 659.00

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Nov 21 4:00 PM EST

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To: bobby beara who wrote (18976)	6/30/1999 10:11:00 PM
From: pater tenebrarum	Read Replies (1) of 99985

Bobby, just about everything i looked at in terms of developments on the charts looks convincingly bullish - but the p/c ratios still sit at extremely low levels - 0,42 again. the VIX has simply plummeted - it's now at 21,01. this is not yet a historic low but definitely way below normal. for the market to continue to run up from here with the ratios so low would be unprecedented i believe. but then again, this market has shattered records in terms of other variables to many people's astonishment, so maybe it will make history in this respect as well. we'll see. the bond has started up from a bullish RSI divergence at the recent low, this looks like it could have some legs as well. regards, hb

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