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

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To: donald sew who wrote (28170)8/22/2000 3:27:29 PM
From: Gersh Avery  Read Replies (1) of 42787
 
Hi don ..

FWIW

In the past I've yelled about bad values for trin on quote.com ..

I'd look at trin.ny and trin.nq (trins for the NYA and NDX) and they might be much different than the overal market trin.

Very odd ..

I've also watched the ratio between the OEX and SPX for leading indicators.

I think that I may have figured out what I've been seeing.

I think that there is an arb play that takes place where one or more hedge funds does something like:

buy OEX stocks and ballance with short the SPY.

That would produce a higher trin on the AMEX than for the NDX and NYA.

I think that the idea would be that the SPX would likely grow more slowly than OEX.

In addition with this arb in place the more liquid OEX stocks could be sold faster than could the less liquid SPX stocks. In addition shift from nutral to short could be done without having to wait for an uptick ..

No idea what good this will do ..

BTW watch the TYX.X .. an almost tick to tick movement today with the SPX
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