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


To: Les H who wrote (59916)10/5/2000 8:56:19 PM
From: Haim R. Branisteanu  Read Replies (1) | Respond to of 99985
 
Analysis of end of Day Closing prices and recommendations in
Summers & Uncle Al Tulips Market,or the Den of Thieves & Swindlers

This is the most effective list, but validate signals. Results
are relative to the SPX and move relative to the SPX - Haim
see more data & info including stock charts from this scan at:
home.nyc.rr.com
and also see Today Charts who are updated every several days

Today is 10/05/100 Remember this is a computer scan only

S&P Closed 1436.30
S&P Change 2.000

Recomandation Price Stoch. RSI RSI RS
Change ROC%

BUY SIGNAL ON QQQ 85.625 18.280 40 0 17
BUY SIGNAL ON HWP 88.250 10.136 33 -5 91
BUY SIGNAL ON IFN 11.813 8.930 30 -1 2
BUY SIGNAL ON KLAC 38.188 8.734 36 -2 15
BUY SIGNAL ON KSS 57.938 16.517 47 3 0
BUY SIGNAL ON MXF 15.438 25.004 36 5 12
BUY SIGNAL ON RBK 18.938 21.634 45 5 7
BUY SIGNAL ON TMX 52.750 26.692 46 0 4
BUY SIGNAL ON CD 10.438 9.303 32 1 9
BUY SIGNAL ON BLDP 98.500 27.349 43 -1 54
BUY SIGNAL ON EXDS 44.250 11.683 32 0 11
BUY SIGNAL ON INIT 6.969 7.423 30 5 3



To: Les H who wrote (59916)10/5/2000 11:30:37 PM
From: Les H  Read Replies (2) | Respond to of 99985
 
Stock Market:

optionstrategist.com

Sentiment figures continue to get more and more pessimistic. Put buying is rampant in stock options. As a result, the various equity-only put-call measures are climbing to levels last seen at the April, 2000, bottom or at the bottoms of the past couple Octobers. Most certainly, a good buy signal lies in the fairly near future. In fact, late last week the put-call ratios had rolled over to buys, but then the ratios all went higher this week negating those previous buy signals and requirement a new setup for another buy signal. Specifically, the "normal" equity-only put-call ratio has risen to a very high level, but doesn't seem to be showing any real signs of tapering off yet. The weighted" put-call ratio is climbing to high levels as well, as is the NASD ratio that calculate by using the option data from all stocks with at least 4 characters in their symbols. The S&P 500 futures options weighted ratio remains on a strong sell signal, as does the NASDAQ-100 ($NDX) weighted ratio.

Meanwhile, our oscillator is beginning to lose ground. It stands at about -146 as of Thursday's close. Breadth hasn't been bad lately, but it hasn't been good, either. So the oscillator continues to erode a little each day. If it drops below -200, that would negate its recent buy signal.

In summary, we are tentatively long right now, but are prepared to jettison those longs if the oscillator falls below -200. Should that happen, we might even consider going short because it might take a more severe selloff before the absolute bottom is reached. On a more positive note, looking out a few days or week, we are looking at a potentially bullish situation when the equity-only put-call ratios make a turn for the better. Just don't get too long too early it can be dangerous.