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

To: Wildstar who wrote (40759)	2/19/2000 2:01:00 PM
From: NickSE	Read Replies (1) \| Respond to of 99985

cboe.com

To: Wildstar who wrote (40759)	2/19/2000 4:35:00 PM
From: pater tenebrarum	Respond to of 99985

Wildstar, Friday's plunge has given us the highest one day reading since the October low. note though that the ratios are far from what constitutes heavily oversold readings, and to work off the previous excesses we'd probably need a string of high readings to confirm a lasting bottom. also, ind. equity call volume at 1,062,556 contracts was actually near a record high on Friday. here are the details: CBOE total: 0,63 ind. equity: 0,527 index options, total: 1,35 OEX : 1,176 SPX : 1,54 so the p/c ratios are clearly improving, but as i said, this is the first high reading after months of extremely low (record low in fact) readings on the overall CBOE ratio. regards, hb