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Strategies & Market Trends : Ask DrBob -- Ignore unavailable to you. Want to Upgrade?

To: S.C. Barnard who wrote (15458)	11/30/2000 12:24:16 PM
From: Louis V. Lambrecht	Read Replies (2) \| Respond to of 100058

crusoe - PCR's, these are cumulative figures. An intraday chart is of no use, IMHO. 10 and 20 DMAs are mostly used to analyse directions. Example: astrikos.com all indexes PCR DMAs are falling since ov 13, at very unusually low levels. And this PCR is not contrarian. It means that hedgers have less needs of puts (actually, buying more calls than puts currently) as they have unloaded a big chunk of their equities. The trend of the DMAs has to reverse, indicating that the big boys have bot equities and intend to protect them with puts. Not today apparently.

To: S.C. Barnard who wrote (15458)	11/30/2000 12:28:20 PM
From: TraderMERL	Read Replies (1) \| Respond to of 100058

SC Barnard. My Putcall volume shows 1.5 earlier today. u might want to check IBD website for interpretations etc. Also TRIN hit 5 from my charting service

To: S.C. Barnard who wrote (15458)	11/30/2000 8:29:33 PM
From: Drbob512	Read Replies (2) \| Respond to of 100058

S.C.Barnard: The high put/call reading intraday over 1.00 is probably one of several signals that at least a very short term bottom has been put in. We rallied modestly in the last 2 hours, and the earlier decline did not meet all of my selling climax criteria, but met some of them. If we open strongly with good breadth tomorrow, then we shall have the technical bounce, and yet if it does not look very strong, the likelihood is that we will have more weakness and a retest of today's lows... What do you think?