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To: GROUND ZERO™ who wrote (30660)8/15/1999 6:56:00 PM
From: robert b furman  Read Replies (1) | Respond to of 44573
 
Hi GZ,

Well my three day ma's really turned around with friday's strong action:
New highs now jumped over new lows on the naz
adv/decl have also turned just friday, on both the nyse and the naz

So at least we have a nice bounce here.

indu has jumped over its 20 ema daily (10845.29)
naz comp jumped above its 20 ema daily (2611.7)
spoo and spx are just right on its 20 ema daily - and globex is now holding

I still need to see the russell 2000 get over 437.475 (that should happen pretty quick considering the tremendous imbalance between open put interest vs open calls.( the money has to walk away from all the premium money spent on puts at least until friday) JMHO

Well the wife just said the red snapper is off the grill (caught it myself) Got to go.

P.S. my seat on this train sure is nice - I can herdly wait till we get up to speed.

Bob



To: GROUND ZERO™ who wrote (30660)8/16/1999 10:55:00 AM
From: Arik T.G.  Read Replies (1) | Respond to of 44573
 
GZ,

Speaking of trade secrets, I'd like to know what changed your mind re new highs on the major indices.
Till 7/22 you were in the opinion that we've probably seen the highs for the year: exchange2000.com

But since 7/27 you gradually changed you view to one that favors new index highs quite soon.

Was it an accumulation of signals and hints that changed your mind or a single indicator that slowly turned bullish?

ATG