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


To: bobby beara who wrote (37704)1/20/2000 5:32:00 PM
From: pater tenebrarum  Read Replies (2) | Respond to of 99985
 
Bobby, i noticed the action in the trannies...and apparently some money is shifting into high-yielding stocks. i still think that's not necessarily a good sign. re: options, the outsized call premiums are indeed noteworthy...especially since put/call ratios are scraping along record low levels. i agree that there are still quite a few constructive looking charts, but the rotation has an aimless feel to it...
btw, always keep in mind Alan Newman's emotional intensity chart...dollar volume in index puts is near all-time lows as well. there's great unanimity that stocks can only go up from here...i wonder why? because they are such incredible bargains perhaps? <gg>

hb