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

To: Richard Ruscio who wrote (34158)	11/24/1999 8:00:00 PM
From: John T.	Respond to of 99985

Richard, I didn't quite understand you message but you may have the "VIX/Market Direction" backwards. A low VIX reading, like 20, indicates a possible market top and a high VIX reading, like 30 or so, indicates a possible market bottom. For example, on July 16, 1999, the market topped and the VIX bottomed out at 17.70. On October 18, 1999, the market bottomed and the VIX topped out at 35.48 the on Oct. 15. There is an inverse relationship between the VIX and the market.

To: Richard Ruscio who wrote (34158)	11/24/1999 8:02:00 PM
From: bobby beara	Read Replies (1) \| Respond to of 99985

Tightening bands portend to greater volitility, this is the tightest pinch of the bands this year, the next tighter pinches were at the Yom Kippur spx triangle center on sept 20, at the july top and the april top. PASS THE GLUE Put/Call Ratio: .43 VIX OPENING VALUE: 21.49 VIX HIGH VALUE : 22.39 VIX LOW VALUE : 20.12 VIX CLOSING VALUE: 20.47 EQUITY OPTION TOTAL EQUITY CALL VOLUME : 646,053 TOTAL EQUITY PUT VOLUME : 236,215 TOTAL VOLUME : 882,268 INDEX OPTION TOTAL INDEX CALL VOLUME : 28,812 TOTAL INDEX PUT VOLUME : 55,526 TOTAL VOLUME : 84,338