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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 692.24+0.3%Jan 15 4:00 PM EST

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To: Gary Burton who wrote (64485)12/17/2000 8:55:34 PM
From: JRI  Read Replies (1) of 99985
 
Gary, what are your thoughts over the very short term (next couple days?)....you mentioned the TRIN and put/calls not getting near fear levels since October '98, but I thought Dick Arms "Arms Index Guy" was on TV Friday saying the TRIN was showing oversold, and called for a bounce now (similar to what happened end of October, and the last time we hit 2500+ 2 weeks ago)- at both points he also came out and said the TRIN showed "oversold"....also, put/call at .94 as of close Friday...that's pretty high, no? (near 1)..and should signal a short-term rebound perhaps??
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