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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: Wyätt Gwyön who wrote (5845)	1/3/2001 2:25:57 AM
From: J.T.	Respond to of 19219

Mucho Maas, Thanks for the link. I copied it and read it and he seems to be right on and it jives with my rydex sentiment indicators as well. Sorry I didn't get back to you right away sometimes I go into this zone and I tend to lock into the market like a heat seeking missile... It's either right then and there or its gone... if you know what I mean. Gnothi seauton- Know Thyself - o Socrates. I know myself and I forget things on a dime if I don't maintain the zone. I appreciate your input and invaluable links like this. best Regards, J.T.

To: Wyätt Gwyön who wrote (5845)	1/3/2001 8:48:43 AM
From: Kapusta Kid	Read Replies (1) \| Respond to of 19219

Whereas Tommy Bear did do an excellent sentiment analysis, he has concentrated on the Investors Intelligence Survey, which measures "guru opinion", i.e., the newsletter writers. I prefer to watch what people are actually doing with their money. A 5-day moving average of the CBOE Equity Put/Call ratio indicates that options players are, in fact, more bearish than newsletter writers, and have gotten more bearish lately (well, yes and no). However, this observation is tempered by the fact that the 5-day moving average has made a series of peaks (10/18/00, 11/22/00, and 12/20/00), each of which was slightly lower than the one before. So options players are somewhat bearish, but have not gotten more bearish as the decline has proceeded. Overall, I agree with Tommy Bear: the big capitulation is still out there.