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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (18975)	6/30/1999 8:15:00 PM
From: Eddy Blinker	Read Replies (1) \| Respond to of 99985

Crushed by NITE train.. Haim, Tomorrow is another day.. Regards ED

To: Haim R. Branisteanu who wrote (18975)	6/30/1999 8:19:00 PM
From: Vitas	Read Replies (1) \| Respond to of 99985

Haim, quiet? what quiet? GO MOT Vitas

To: Haim R. Branisteanu who wrote (18975)	6/30/1999 9:52:00 PM
From: pater tenebrarum	Read Replies (2) \| Respond to of 99985

Haim, i take it you saw the CBOE options data - p/c ratio below .45 for the third day in a row; since the market action is now technically very bullish due to the high volume breakout today, i am going to scan historical data to see if i can find rallies that have continued when the ratios have been so low at the outset. however, i have only historical data going back to '88 - can you (or anyone else) suggest a source for earlier data? the announcement of the neutral bias by the FOMC clearly has lit a fire under this market; whether this is fundamentally justifiable or not is probably irrelevant - the fact that several of the major indices made new highs has to be respected.also the emotional barometer - the nutz - broke through the neckline of an inverse H&S pretty convincingly. i am considering to re-adopt the blow-off scenario, but that would likely bring the market down again <g>. crude oil broke out to fresh contract highs today, btw. the bond market seems to have found a short term bottom here regardless. regards, hb