Heinz, i think there is a possibility for a right shoulder rally in the ndx, it did hold the trendline, but i wouldn't bet on it. I hope there is.
LOOK AT THIS WITH THE NASDAQ IN A BIG CORRECTION, EVERYBODY IS BUYING CALLS -G-
AND THESE CAPS ARE NOT JERRY PROCLAIMING A BOTTOM AFTER THE NASDAQ HAS GAINED ALMOST 400% FROM THE OCTOBER 98 BOTTOM -G-
CBOE Market Stats for April 3, 2000
Put/Call Ratio: .43
VIX OPENING VALUE: 27.36
VIX HIGH VALUE : 28.42
VIX LOW VALUE : 24.94
VIX CLOSING VALUE: 25.66
EQUITY OPTION
TOTAL EQUITY CALL VOLUME : 775,908
TOTAL EQUITY PUT VOLUME : 271,322
TOTAL VOLUME : 1,047,230
INDEX OPTION
TOTAL INDEX CALL VOLUME : 61,192
TOTAL INDEX PUT VOLUME : 90,594
TOTAL VOLUME : 151,786
I was buying gold stocks today, a lot of them are at or bouncing off extremely oversold RSI readings.
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