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Strategies & Market Trends : Technical Analysis - Beginners -- Ignore unavailable to you. Want to Upgrade?

To: TechTrader42 who wrote (11506)	2/9/2001 6:50:29 PM
From: Michael Watkins	Read Replies (1) \| Respond to of 12039

Well of course since most people are projecting 'cycle lows' out into the summer and all such prognostication, the diabolical scenario is that it plunges very soon. With the NYA / INDU having levitated their way through much of the carnage of the last few quarters, I think their extended consolidation could prove to be big fuel for a fast move down if one gets going. Or I could be smokin' it, just just a Canadian. eh?

To: TechTrader42 who wrote (11506)	2/9/2001 7:57:55 PM
From: Tom Halkar	Respond to of 12039

Hi Brookelise, It been sometime for me here. Still enjoying MSWIN. Thank again for recommendation. It is my desire that I provide some useful information here and that it will simulate some conversation about these sentiment indicators on how to use and understand them. If some else has others and a good source for the uncommon one please provide a link please. I am interested in learning about "Market Sentiment Indicators" and how to use them for determining turns in the market be major or minor Tops and Bottoms The ones I hear about are Put/Call ratio, VIX (http://www.cboe.com/tools/statistics/summeriz.asp), TRIN. Could you give us all a lesson about these or a place to learn more about them? I will share my limited knowledge of the two that I know something about them in hopes that it can be expanded upon or improve on how to uses them better. It is my understanding that VIX below 20 means the market is overly bullish and market will turn lower. When VIX greater 30 market is overly bearish and market will turn up. Put/Call ratio > .80 - .90 and spikes up helps time a bottom and market will turn up. One other I heard about is "Investors Intelligence indicator" It is my understanding that it is a survey of the newsletters or analysts for being bullish or bearish. If they are bullish consider taking the contrarian approach and become bearish, which I think the consensus is bullish ready now. This would explain for the market to continues to sell off. I only was able to read some information about it. I would like to find a website that post this sentiment indicator and learn more about it. Have a beautiful and joyous day!!! Tom The Windy City