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


To: Steve Robinett who wrote (34342)11/28/1999 1:06:00 PM
From: bobby beara  Read Replies (1) | Respond to of 99985
 
>>>My guess (and my option bet) is that the index option players just changed their mind and that, beginning tomorrow, we're about to scare the turkey stuffing out of a lot of pilgrims.<<<

Steve, this is a very good analysis of the vix, i was hoping that we could get some more strength into eom window dressing and that many stocks, nets in particular had some more life, monday will tell if the retails had there fill of turkey and tulips.

This also coincides with my five wave count on cisco from the 18th bottom, with 2 ending on the 25th, and extended wave 3 that ended on the 18th when the vix hit the bottom band and we had record equity calls, and wave 5 ended intraday friday.

timely.com

interesting 34 fibonacci days between the peak in pessimism in p/c on the 15th and the peak in optimism on the 18th.

Interesting study by paolo of nasdaqs relationship to 50 dma
stockcharts.com

the highest spikes on that chart are out of the 82, 90, and 98 4/8 year cycle bottoms, each one gave birth to a mania, computers in 83, and biotechs in 91.

bb



To: Steve Robinett who wrote (34342)11/28/1999 1:27:00 PM
From: Benkea  Read Replies (1) | Respond to of 99985
 
Steve:

I bought some Dec$710 OEX puts a week ago Thurs and Friday (a bit early) as the VIX tagged 20. I hope you are right and obviously think you are.



To: Steve Robinett who wrote (34342)11/28/1999 6:29:00 PM
From: JDinBaltimore  Respond to of 99985
 
Steve,

Thanks for taking the time to give such an indepth response. I also noticed that action I was looking to go long on spz with a break above 1428. It flirted, actually in the am it hit 1429. Then as the markets were closing and final ticks were comming through, the SPZ closed from 1426 down to area I was looking as support of 1414, all in a matter of about 20 minutes; incredible!

Thanks Again
Best
JDinBaltimore