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


To: Gary Burton who wrote (38498)1/30/2000 1:09:00 PM
From: pater tenebrarum  Respond to of 99985
 
Gary, a CBOE total ratio of .59 is far from oversold...although index put buying has increased quite a bit. the best thing for the market in terms of these measures would actually be a continuation of the sharp decline that helps to build up pessimism quickly so a panic bottom can be made.

hb