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


To: bobby beara who wrote (18976)6/30/1999 7:44:00 PM
From: Haim R. Branisteanu  Read Replies (2) | Respond to of 99985
 
Hi BB, would appreciate receiving updated charts to post

Now to support Heinz and Bill H. theory, before you go wildly bullish check this out!!

The 3rd day in a row P/C ratio is below .45 not seen since ?? ---

CBOE Market Stats for June 30, 1999

Put/Call Ratio: .42

VIX OPENING VALUE: 23.22
VIX HIGH VALUE......: 24.28
VIX LOW VALUE........: 20.44
VIX CLOSING VALUE: 21.01

EQUITY OPTION

TOTAL EQUITY CALL VOLUME : 596,205
TOTAL EQUITY PUT VOLUME.. : 181,968
TOTAL VOLUME....................---: 778,173

The low VIX matches your theory of the fifth in bway.net

The high volume (over 600 mill on eachs exchange in a matter of 1.5 hours) from a prolonged low volume period is more typical of blow-off at those levels. Those sellimg were no dummies IMHO

As to bonds I hope so as I am fully invested in Bonds. Actually by September they will be below 5 1/2% IMHO

Haim

BTW just keep in mind Nostradamus like AG he did not know a Bubble wen he saw one <GG>



To: bobby beara who wrote (18976)6/30/1999 7:56:00 PM
From: Amelia Carhartt  Respond to of 99985
 
Beefeaters I hope.



To: bobby beara who wrote (18976)6/30/1999 7:56:00 PM
From: HairBall  Respond to of 99985
 
bobby beara: I have been saying the TYX is trading in a rising wedge for weeks. (A bearish formation.) It broke out and above this month, but is back in the formation with today's close.

Regards,
LG



To: bobby beara who wrote (18976)6/30/1999 10:11:00 PM
From: pater tenebrarum  Read Replies (1) | Respond to of 99985
 
Bobby, just about everything i looked at in terms of developments on the charts looks convincingly bullish - but the p/c ratios still sit at extremely low levels - 0,42 again. the VIX has simply plummeted - it's now at 21,01. this is not yet a historic low but definitely way below normal. for the market to continue to run up from here with
the ratios so low would be unprecedented i believe. but then again, this market has shattered records in terms of other variables to many people's astonishment, so maybe it will make history in this respect as well. we'll see.
the bond has started up from a bullish RSI divergence at the recent low, this looks like it could have some legs as well.

regards,

hb