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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: Kapusta Kid who wrote (6760)2/24/2001 4:23:05 AM
From: macavity  Read Replies (2) of 19219
 
Re: Status of some indicators I use:

Put/Call Ratio and VIX.

The price of options is going up (VIX); but people are buying more calls than puts (PCR)! Interesting.
This, I am sure, will have the conspiracy theorists saying that the supposed Plunge Protection Team are out there getting ready to squeeze the shorts and goose the market higher. I think it is everyone getting ready for the bounce. 03Jan taught everyone to beware.

Everyone, and it seems everyone, is on at least amber alert that Al G is going to do an intermeeting cut - the majority I believe are actually on green.

If he does not cut this week then I believe we are going to see real capitulation this week - even a crash. There are no buyers out there.

To any crazy contrarians out there! The trade is to go short on the close after the final hour ramp job.
You need a doctor's certificate to do this one though.

just a stoopid idea.

-macavity
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