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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: pater tenebrarum who wrote (1405)	11/19/1999 6:38:00 PM
From: fut_trade	Read Replies (1) \| Respond to of 19219

I appreciate your and J.T.'s feedback. I am interested in knowing different view points from my own.

To: pater tenebrarum who wrote (1405)	11/19/1999 6:50:00 PM
From: J.T.	Read Replies (2) \| Respond to of 19219

heinz, yesterday's "monster' rally came on the back of roughly 150 new 52 week lows vs. 90 new highs <the highest number of new lows since October 28. Option-wise, People are buying calls hand over fist vs. puts at higher levels and greater intensity then the AUG 25 high on the DOW. CBOE put/call ratio closed at .414 a near all time low. I am sure the parabolic blow-off in the NDX has something to do with it. The horney bull is in full heat. The smart bull wants the bears to throw in the towel right now so they can sell to the greater fools theory at higher prices and lock in their gains. Have a great weekend everybody. I may be back late tonight. Best Regards, J.T.

To: pater tenebrarum who wrote (1405)	11/24/1999 8:56:00 PM
From: fut_trade	Read Replies (1) \| Respond to of 19219

Heinz, I've been thinking about this chart from the site: cross-currents.net and also linked by: decisionpoint.com This guy makes a big deal out of trading volume to GDP -- but all I can wonder is just what is on this guys mind? What has trading volume got to do with valuation? In terms of forward P/E, valuation seems a little bit on the upside, but nowhere near valuation levels of the late 20's mid 30's. Message 12035492 fortunecity.com Any comments would be appreciated.