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Strategies & Market Trends : The Player's Club -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (2810)	12/15/1999 7:52:00 AM
From: peter n matzke	Read Replies (1) \| Respond to of 11513

GZ, do you sell options very often? if so, do you use the future's options or the OEX/SPX? Thanks peter

To: GROUND ZERO™ who wrote (2810)	12/15/1999 10:50:00 AM
From: John Pitera	Read Replies (1) \| Respond to of 11513

GZ, very lucid and excellent advice in my humble opinion. -g- as you are speaking of bonds here is an update I did for a friend today geocities.com there is not too much for people long bonds to be happy about this past month, or for the past 14 months for that matter. John

To: GROUND ZERO™ who wrote (2810)	12/15/1999 10:32:00 PM
From: bearshark	Read Replies (2) \| Respond to of 11513

GZ: I saw the notes on the ARMs between John and you. I keep a 20-day moving average along with other versions of the ARMs data. For the 20-day ARMs, I have 11 straight days below 4. That is extraordinary so I did a quick check back to 1996 and never saw anything close. I could go back to the 50s with it but I don't think it is necessary. I think this has been exacerbated by individuals selling decently valued stocks that are not hot and moving into hot stocks--either through funds or their own purchases. This resulted in the bad advance/decline numbers in issues and, in the beginning, good advancing and declining volume as funds were pouring into the advancing issues. However, since the end of November the advancing and declining volume has been trending towards the lousy action of the advancing and declining issues. So I now have bad numbers for the issues and the volume numbers are bad and moving down to join the issues. We should be seeing declining averages already. Under these conditions, I could imagine the right misstep resulting in a quick market calamity. Perhaps something like a major internet presence reporting a loss instead of a humble profit. The conditions are present, we just need a catalyst.