Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Gersh Avery who wrote (41902)	3/1/2000 1:38:00 PM
From: HairBall	Read Replies (2) \| Respond to of 99985

Gersh: Well, if we don't start seeing a hard reversal soon in the NAZ the rising wedge is in jeopardy of being negated. NAZ Future's wedge still intact, for now... As I just posted, some of these rising wedges are bounding fairly steep ascents (on semi-log charts)....if these indices get any steeper they may be traveling back in time...<g> NAZ Emini <---- Looks to be breaking down out of a smaller rising wedge within the larger rising wedge...the turn may be in progress. I got to go....computer sounding off multiple alerts... Regards, LG

To: Gersh Avery who wrote (41902)	3/1/2000 8:20:00 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 99985

Gersh, OEX call OI rose by about 1,400 contracts today. the only positive i could glean was the fact that put OI is once again slightly higher than call OI on the OEX, but the ratio of put to call OI is still WAY below normal. in fact the only index that still has a healthy OI p/c ratio is the NDX, but it has begun to deteriorate a bit, along with the NDX p/c volume ratio. total index p/c ratios were slightly less lopsided today than during the past five sessions, but the individual equity p/c ratio came in at a rare extreme of 0,31. the Rydex ratios have once again produced record lows. the 'smart money index' for the NYSE keeps on deteriorating. the same index for the NDX has begun to diverge from the index (albeit only slightly). one more thing: the overall volume and OI in index options is extremely low. the ratio of index put dollar volume to stock trading volume is scraping along record lows...the same goes for the ratio of mutual fund assets to index put volume. it appears that fund managers have more or less given up on hedging, trusting in the "Greenspan put" instead. the real action is in individual equity calls...we regularly trade record volumes of those, almost one million contracts again today. interestingly the sentiment polls are showing relatively low bullish consensus readings among futures trading advisors, which is usually a short term positive. but that's just talk...the problem with the polls is that opinions often change in a heartbeat. the bullish consensus as per the positioning measures has never been as uniform as it is now. regards, hb