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: Shaw who wrote (1209)	3/17/2001 12:43:05 PM
From: Shack	Read Replies (1) of 5144

The VIX and put/calls are both indicating that we are deifnately approaching a short-term bottom. I would like to see the VIX close over 50 and have an intraday over 60. The 1998 low was marked by such readings. Same goes for p/c ratios. The equity put/call ratio hit .83. That's high but not even as high as it was at the Jan 3 low. I want to see it over 1. The rotaiton over the last year was Nasdaq to NYSE now its NYSE to cash. I expect that we will see cash to Nasdaq in the near future. This will be a decent rally but it will not be the start of a new bull.

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