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

To: HairBall who wrote (31157)	10/23/1999 3:39:00 PM
From: Stephen M. DeMoss	Read Replies (1) \| Respond to of 99985

Lg, Last week I mentioned to you re: CBOE put call ratios being very bullish for this past week (you did not respond<G>). This week it has reversed in both the CBOE and to a lesser degree in the S&P 100. This indicator has been a pretty reliable one for me this year in terms of how the general markets will move from week to week. The CBOE put call ratio is about 30 (puts) to 100 (calls), a very (contrarian) bearish reading. The S&P 100 is about 125-100, a bullish reading but way down from 167-100 last week. If these indicators continue to be reliable, this coming week should be at best neutral to more likely down strongly (ie. 500 on Dow down, maybe 100 on spx and 150+ on the Naz). Comments? Steve D.