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

To: JRI who wrote (64515)	12/17/2000 9:37:57 PM
From: Gary Burton	Respond to of 99985

JRI---I am referring to 10day ma's not spot---also the VIX is only in the low 30's--If we were truly at a momentous bottom, the bull/bear ratio would be much worse, the Vix would have spiked above at least 40 and the 10day ma of trin and put/call would be approaching Oct98 levels, which they are not...but may in say 4-7 days time at lower Naz levels. Dick Arms may be referring to a very short term relief rally, but it could easily come from lower levels as in bear mkts the day to day trin can stay high for awhile....TA aside, I find the thesis that Mr G will lower rates 1 day after Bush meets with him for the first time highly questionable to say the least. G had trouble getting along with Bush Sr and along comes his silver spoon son with much less on the ball and suddenly Alan agrees? I don't think so. If W actually wanted G to lower rates on Tuesday, he 'most assuredly' would not announce to the world that he was riding in on his horse and meeting with him Monday!