Ahh Canada - 2 out of 3 ain't bad Message Board

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Strategies & Market Trends : Ahh Canada - 2 out of 3 ain't bad

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To: Shack who wrote (1208)	3/17/2001 12:27:48 PM
From: Shaw	Read Replies (1) of 5144

The VIX and put/call ratios hit a little point on Thursday that I liked for a ST bottom call (not even close to sold on them tho). Are you seeing anything in them that are getting you in a bouncy mood?? Your 575 area on that chart even worked fairly nicely as far back as '99, I see. The thing that worries me is that we arent seeing too much sector rotation into techs. The last few weeks on this NYA chart would be reflected better in the COMP chart if it were the case, imo. Maybe a solid break thru the 575, coupled with a better than expected interest rate cut this week may send the COMP MT higher on some sector rotation into the interest rate sensitive techs? It seems with the charts there doesn't seem to be much confidence anywhere right now, however. Tough to predict, imo.

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