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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 677.48+0.3%4:00 PM EST

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To: bobby beara who wrote (40998)2/22/2000 10:06:00 PM
From: pater tenebrarum  Read Replies (1) of 99985
 
Bobby, a shooting star in the VIX is just another way of saying that a hammer has occurred in several indices.
it would be great, were it not for this:
CBOE overall put/call ratio: 0,47
you could argue that we have seen 40's readings for quite a while, but that is in itself an anomaly.
my conclusion: it may be a bottom, but very short term and probably not really durable.
as someone else has remarked previously, the "VIX=30, BUY" reflex isn't going to work forever...:)

regards,

hb
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