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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: ild who wrote (40795)9/3/2005 3:53:48 PM
From: chainik  Read Replies (1) of 110194
 
<Lots of new calls being opened
iseoptions.com

Actually the last ISEE (1.90 or P/C=0.53) is rather bullish. Within the last few weeks, closing ISEE around 2 were good at least for a modest bounce.

Hate to sound bullish, but most of the sentiment indicators are pointing to a rally. The last COT report was very strong. Commercials added about 5 B to their long position on major indexes.

I like Swenlin forecast

<I would not expect the rally to last more than a week or two, just enough to get internals back to the neutral zone. At that point the market may have a problem>
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