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Strategies & Market Trends : MDA - Market Direction Analysis

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Nov 14 4:00 PM EST

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To: John Pitera who wrote (10932)	4/14/1999 10:02:00 AM
From: donald sew	Read Replies (2) of 99985

John, >>>> the oex put/call looks to be indicating an upside blowoff. decisionpoint.com take a look at the charts of IP , Cat, WY, This is a liquidity driven event, Global money growth is 3 or 4 times greater than economic growth. <<<< Im no expert in the PUT:CALL ratio but as HEINZ previous mention the PUT:CALL ratio on the OEX needs to come up which could initiate buying. Per my update I took a look at the divergence of the OEX and equity PUT:CALL ratio and could not determine a strong trend although the bias is to the upside. I follow the DOW STOCKs like IP,CAT,GP,etc and they do appear to have extreme moves to the upside. I am also sensing a possible blow off top, but first as you eluded to, the OEX PUT:CALL ration must move up first. I am no longer putting that much emphasis on the RUT as an indicator of the broad market in light of it also be so weighted towards about 10 stocks. I am thinking of using the VGY now to see what the broad market is doing, but I need to know more about the VGY. Does anyone have an url to see the components of the VGY. seeya

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