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

To: bobby beara who wrote (40998)	2/22/2000 8:16:00 PM
From: Jorj X Mckie	Respond to of 99985

Looks like one of the P&F short term indicators (the BPHILO) will be reversing down today....things ain't looking overly bullish. Also broke some key support levels on the SPX. Oh yeah, and a grub

To: bobby beara who wrote (40998)	2/22/2000 8:41:00 PM
From: Saulamanca	Read Replies (2) \| Respond to of 99985

Bobby, We had two Vix reversal buys today. 1. Vix made a 15 day high and the close was below the open. 2. 5 day RSI of the Vix signaled. --Jim

To: bobby beara who wrote (40998)	2/22/2000 10:06:00 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 99985

Bobby, a shooting star in the VIX is just another way of saying that a hammer has occurred in several indices. it would be great, were it not for this: CBOE overall put/call ratio: 0,47 you could argue that we have seen 40's readings for quite a while, but that is in itself an anomaly. my conclusion: it may be a bottom, but very short term and probably not really durable. as someone else has remarked previously, the "VIX=30, BUY" reflex isn't going to work forever...:) regards, hb