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Gold/Mining/Energy : Gold Price Monitor
GDXJ 126.68+0.4%Jan 14 4:00 PM EST

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To: long-gone who wrote (28786)2/22/1999 10:07:00 PM
From: Robert Sechrest  Read Replies (1) of 116856
 
Richard,

You're right. Market volume was rather anemic today. I track mainly sentiment indicators, and focus on the ones that help separate what people say about their sentiment from what they actually do with that sentiment. These indicators are why I wondered if we might have a sucker's rally here.

I notice that VIX fell today to levels not seen since the first week in January, meaning that investors are almost as relaxed now (after one good day!) as they were when the averages were topping. Index put/call volume looks OK, but equity put/call volume on CBOE was 1:3.5 ratio. Finally, futures premiums after-hours aren't that high right now, but the morning reading should be considered too.

BTW, do you know where to find for free Market Vane's daily bullish consensus of S&P futures traders? I can get the weekly reading from Barron's, but can't find the daily reading anywhere.

Regards,

-- Robert
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