MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 690.27

0.0%

Dec 26 4:00 PM EST

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To: Jon Khymn who wrote (83741)	4/17/2003 11:52:01 PM
From: Tom Pulley	Read Replies (1) of 99985

Not a good day today for my short position! Just when I was getting confident the bottom would soon fall out, the market managed to fool me again. The put/call ended the day at .52 and equity put / call at near .4. That supports the likelihood the market is not going to run up to far. This chart below showing the relative strength of Nasdaq summation index at 91.7 also indicates that it is getting close to time for a move back down. stockcharts.com[e,a]daclyyay[d20020417,20030417][pb7!b20][vc60][iLb14][J6441731,Y]&pref=G Tom

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