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: bobby beara who wrote (44808)	4/4/2000 5:37:00 AM
From: John Madarasz	Read Replies (1) \| Respond to of 99985

bobby...good post, those are telling #s CBOE Market Stats for April 3, 2000 Put/Call Ratio: .43 VIX OPENING VALUE: 27.36 VIX HIGH VALUE : 28.42 VIX LOW VALUE : 24.94 VIX CLOSING VALUE: 25.66 The general rule is that market bottoms are accompanied by high put call ratios. Market bottoms are marked by extreme bearishness. Everyone is betting that the market will continue down and they are buying puts. At the October, 1999 bottom the put/call ratio was at 0.9108. At the October, 1998 bottom the put/call ratio was at 1.0786.* 5 day VIX quote.yahoo.com^VIX&d=5d I was somewhat surprised to see the VIX at these levels in the face of the (low volume) selloff. Even though $ are being vaporized, in large part I've got to believe it's still house money that folks are playing with. I know I'm guilty to a certain extent<g> The bottom will be put in just as everyone sells before there stake monies get hit. Greed vs. Fear? Right now it's greed vs. annoyance<ggg> Could you please usher in our right shoulder rally? Then climb into your Ford Falcon and ride into the sunset trailing a cloud of blue exhaust<g> Nice calls of late... Regards, JM

To: bobby beara who wrote (44808)	4/4/2000 10:10:00 AM
From: pater tenebrarum	Read Replies (2) \| Respond to of 99985

Bobby, yep, i saw those p/c ratios...quite incredible actually. we WILL get our right shoulder though...interesting buying panic in the Dow stocks btw. ...if it rallies to the upper boundary of the broadening top we could see 12K before long. gold seems to be groping for a bottom here...my guess is that it will hover around current levels for a while and then make another explosive move, similar to the last two short covering rallies. eventually the market should realize that all that printing the CB's have engaged in is good for gold... regards, hb

To: bobby beara who wrote (44808)	4/4/2000 12:42:00 PM
From: Jacob Snyder	Read Replies (1) \| Respond to of 99985

Nasdaq 100 breaking support, At about 100, QQQ had resistance in January, stalled in that area in February, and then found support at that level in mid-March. Today, we broke below that support level, hitting 94. I almost sold all my QQQ shorts at the close yesterday, thinking we'd at least get a right-shoulder bounce. I'm still holding them, but watching very carefully. If we have a rally, and look like we're going to close at that 100 support level, I'll cover my shorts, and re-short the upcoming right shoulder rally.