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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 665.67-0.9%Nov 17 4:00 PM EST

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To: Saulamanca who wrote (73870)4/2/2001 3:08:29 PM
From: bobby beara  Read Replies (1) of 99985
 
Say hi to Luc.>>>

lol, give that puk, my regards too -gg-

hays likes the trin, but there are some other indicators that are not at bear market bottoms levels, like the nyse summation index, the level of bullish investment advisors rydex ratios, and the put/call ratios

during this bear run the 20 day and 50 day cboe p/c ratios have gotten to .77 and .70 respectively

stockcharts.com[m,a]daclyymy[pb50!b20][vc60][iUb5]

for comparison the most recent "bear" market of 98:
stockcharts.com[m,a]daclyymy[d19980801,19981020][pb50!b20][vc60][iUb5]

the 20 dma got to .92 and the 50 dma got to .86

both these bear markets have similar spx % drops to date, with sentiment at less bearish levels, even though it seems extremely bearish, think this is part of the st financial memory, which has just come off a period of super bullishness and doesn't have a good frame of reference.
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