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


To: HairBall who wrote (41330)2/25/2000 1:59:00 PM
From: pater tenebrarum  Read Replies (4) | Respond to of 99985
 
LG, me too...see my recent posts on put/call and Rydex ratios...interestingly yesterday three times more Dow calls were bought than puts. that is rare. the only index that saw considerably more put than call buying was the NDX, which suggests it should remain the relative strength leader for the time being.
funny, both the Dow and the NAZ are at an extreme distance from their respective 200-dma's, the one below, the other above it. strangest thing i have ever seen.

regards,

hb



To: HairBall who wrote (41330)2/25/2000 2:15:00 PM
From: Les H  Read Replies (2) | Respond to of 99985
 
Market should be fine. Maria is back to talk about only the stocks that are being promoted by brokerage analysts.

Considering that the SPX and OEX are lagging the DJIA in completing the three peaks and dome, it would appear that DJIA is going to overshoot the dome on the downside and the Nasdaq to kick in to the downside on short notice.