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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 681.44

+1.6%

Nov 10 4:00 PM EST

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To: bobby beara who wrote (44808)	4/4/2000 5:37:00 AM
From: John Madarasz	Read Replies (1) of 99985

bobby...good post, those are telling #s 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 The general rule is that market bottoms are accompanied by high put call ratios. Market bottoms are marked by extreme bearishness. Everyone is betting that the market will continue down and they are buying puts. At the October, 1999 bottom the put/call ratio was at 0.9108. At the October, 1998 bottom the put/call ratio was at 1.0786.* 5 day VIX quote.yahoo.com^VIX&d=5d I was somewhat surprised to see the VIX at these levels in the face of the (low volume) selloff. Even though $ are being vaporized, in large part I've got to believe it's still house money that folks are playing with. I know I'm guilty to a certain extent<g> The bottom will be put in just as everyone sells before there stake monies get hit. Greed vs. Fear? Right now it's greed vs. annoyance<ggg> Could you please usher in our right shoulder rally? Then climb into your Ford Falcon and ride into the sunset trailing a cloud of blue exhaust<g> Nice calls of late... Regards, JM

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