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

To: Kapusta Kid who wrote (6757)	2/23/2001 7:33:47 PM
From: Kapusta Kid	Read Replies (3) \| Respond to of 19219

Status of some indicators I use: CBOE Equity Put/Call Ratio - 5-day MAV is heading back up toward a level from which short-term rallies have begun in the past several months. However, today's reading was 0.53, the lowest reading in 2 weeks. Every rally lasting 2 days seems to bring back the complacency. VIX had been falling and the 20-day bands I plot were narrowing; it was beginning to look much as it did approaching the Labor Day decline. But in the last 2 days, VIX exploded up, yanking the bands wide open. Showing no complacency now, but stay tuned. ARMS Index - I like Tom DeMark's Buy Signal (when 5-day MAV exceeds 1.35 and 13-day MAV exceeds 1.20). Current readings are 5-Day: 1.31 and 13-Day: 1.21. Close enough for government work? Cumulative Tick - the histogram I plot has topped and is rolling over, convincing me that if we rally from here, it's not THE BOTTOM. RSI - S&P and NAZ both at or near buy point. The NAZ looks to have turned up. Today I did something I don't normally do. I turned CNBC on from about 3:30 to 4:30. Absolute maddening! Never again. But what was interesting was that today's topic (sounds like the Mackenzie Bros.) was: Is the bottom In? One more reason to believe it isn't. Another is that the Coppock Curves for the S&P and the NAZ are still headed due south, although the Seoul (Korea) Composite looks like it might be a buy.