MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 670.92

+0.1%

Nov 7 4:00 PM EST

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To: bobby beara who wrote (72332)	3/16/2001 7:22:08 PM
From: Haim R. Branisteanu	Read Replies (1) of 99985

BB, remember wen we were arguing that the P/C ratio is below 0.4 and the market was still going up? NOw we have the reverse P/C ratio above 0.95 and the market still goes down. Today P/C is 1.08 My take from some were a substantial reflex rally is in the making. Many will continue to short the only to be forced to cover so the rally may feed in itself. It will top wen all will say we are in a new bull move. Waiting for the catalist which I not sure from were it will come similar to the September 1, peak. BWDIK Haim

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