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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 652.53-1.5%Nov 20 4:00 PM EST
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To: Cathedra who wrote (25522)9/10/1999 7:38:00 PM
From: pater tenebrarum  Read Replies (1) of 99985
 
Tom, i agree...the spike lower in the p/c ratio and the low VIX both speak of complacency returning. as to the potential of a pullback: there seems to be a growing consensus that the triple witching hour next week will produce an upside bias - and the market just loves to confound expectations. how far a pullback will go is something i will gauge in terms of how it is received - the less concern it provokes, the bigger it will get imo.

regards,

hb
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