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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Cactus Jack who wrote (29544)	1/19/2001 1:11:43 AM
From: Sully-	Respond to of 65232

Stolen stuff....... Optionstrategist--Lawrence McMillan, 1/19/01... optionstrategist.com -------------------------------------------------------------------------------------------------------------- Rearranged for emphasis & ease of reading. >>>For Friday, January 19th, 2001 Stock Market We have been saying for a couple of weeks now that the market has bottomed at least for the intermediate term. The "clues" that led us to this conclusion were threefold: 1) bullish signals from our sentiment indicators, 2) an historic and bullish reading from market breadth, and 3) a decline in volatility. The sentiment indicators of which we speak are the equity-only put-call ratios. ... So many people were bearish that they had bought puts in volume and dollars at rates rarely ever seen before. ... Usually, when so many people concur, their opinion is wrong. ... Therefore, their near- unanimous bearishness led us (and other contrarians) to a buy signal. The put-call ratio is trending downward after having peaked in late December. This is a bullish formation. ......................................................... Market breadth continues to be very strong. In the past, when breadth has been this strong (only 5 previous times in the last thirty years), the market has rallied nicely in the months immediately following such positive breadth readings. At this time, breadth shows no signs of abating rather, it has even expanded more on some recent days. Therefore, this indicator remains bullish. .......................................................... Finally, of the three indicators that were mentioned above, volatility is the least bullish. It refuses to drop significantly, and that is somewhat disconcerting. In a normal bullish environment: ... volatility would decrease as the market moved higher. ...That has been happening, but only to a limited extent, in this current rally. .......................................................... Continue to stay long "the market." In addition, the put-call ratios on some of the big-name tech stocks (Compaq, Dell, IBM, Microsoft) have recently generated buy signals as well.<<< .....compliments of Disu Ö¿Ö

To: Cactus Jack who wrote (29544)	1/19/2001 9:26:58 AM
From: Venkie	Read Replies (3) \| Respond to of 65232

I hv decided to set aside 500 bucks as a trust fund for wayward clown killers. I believe there are many on this thread whom are bulls in bears clothing...esp u I am buying Luc 100 shs of pcln today and place it in the fund.he can't touch it until it reaches a new high<gg< At that time I will mail his stk certf to him to take profits...hopefully he will buy a vacation to Silicon Valley where he will be welcomed with loving clown arms. This will get him a lifetime membership to the clown thread..Luc will be long tech<.com<I will do for Luc what he can't do for himself. Giving back to the community is a must for me..Everytime I give freely of myself...it comes back 10 fold.. Notice to all Clown Killers !!!!!!!! Luc will be long 100 shs of pcln as of 01-19-01 whether he likes it or not. Lifetime member of the new CLOWN THREAD Subject 50652