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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: donald sew who wrote (23388)5/24/2000 10:55:00 AM
From: pater tenebrarum  Read Replies (2) of 42787
 
Hi Don, you are right, the absence of fear upon the NAZ breaking to new lows is indeed remarkable. my guess is that this complacency stems precisely from the fact that there's such a broad consensus on where the bottom will be. in addition to the put/call ratios and the VIX which you mention, there's the Rydex ratio which is far from oversold. in fact it is near overbought levels. also the short interest ratio on the NAZ is at 1,5%. previous bottoms during the '90's coincided with short interest ratios between 2,8 and 3,2%.

regards,

hb
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