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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (26277)	4/20/2000 1:12:00 PM
From: d. alexander	Read Replies (2) \| Respond to of 71045

A cheery word from Schaeffer. Not. For the morning of 4/20/00: Per today's market timing model, the probability of a 5% decline in the market is now double the at-any-time probabilities. This bearish bias of the model is due to the combined activity in the Equity put/call ratio and the drop in the VIX. At the same time that the model is pointing to a decline in the market, it is also signaling that the probability of a trading range environment is decreasing, meaning that any declines may not snap back as quickly as we have seen in the recent past. Nasdaq below regained 68% retracement so far today. Dorothy