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


To: bobby beara who wrote (33366)11/13/1999 9:50:00 PM
From: bobby beara  Respond to of 99985
 
CBOE Market Stats for November 12, 1999

Put/Call Ratio: .61

VIX OPENING VALUE: 22.73
VIX HIGH VALUE : 25.15
VIX LOW VALUE : 21.62
VIX CLOSING VALUE: 21.68

EQUITY OPTION

TOTAL EQUITY CALL VOLUME : 808,657
TOTAL EQUITY PUT VOLUME : 416,058
TOTAL VOLUME : 1,224,715

INDEX OPTION

TOTAL INDEX CALL VOLUME : 85,292
TOTAL INDEX PUT VOLUME : 132,759
TOTAL VOLUME : 218,051

The cup and handle formation on the nasdaq (cup to the august low) points to the 3350-3400 area, plenty of broker and internet charts look ready to pop next week.

I think we can start a decent correction from that area, if not a major top, the vix should go back to the teens and we should see p/c going into the mid to low .4 area on major volume for a top imho.

bb