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


To: lawdog who wrote (46356)4/14/2000 10:36:00 PM
From: Paul Shread  Read Replies (3) | Respond to of 99985
 
My understanding is that a put-call ratio of greater than 1.0 usually signals a bottom. That tells me we have one more day like today, which should take us to 9700 Dow/3000 NAZ by late Monday or early Tuesday, IMHO. I personally would prefer 9200 and 2600, as they are much stronger support points, but am not sure we will go down that far (at least not on this leg).