MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: pater tenebrarum who wrote (692)	9/28/1999 12:10:00 PM
From: J.T.	Read Replies (1) of 19219

heinz, look at the complacency in the put/call ratio... only at .65 right now and this is no where near "fear levels" needed to generate that bounce. A bounce is taking place right now, but the afternoon is quite young. DOW 10,050 is on deck and if this p/c ratio continue to acts "disinterested" around .65 p/c or lower, we are going to take out 10,000 this afternoon and gravitate to 9,900 level, imho. This is a "controlled sell-off" going on over the past few weeks. This "placebo market environment" could take on another life of its own and manifest a crash later today or by the end of September as forcasted while remotely improbable not impossible. Best Regards, J.T.

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