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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: Second_Titan who wrote (6679)	8/15/2001 4:31:27 PM
From: Warpfactor	Read Replies (2) \| Respond to of 23153

Well, todays market action puts the ARMS Index over the rare 1.50 mark. This level of this index has a perfect record for calling market action reversals (not short term reversals, but intermediate and long major trend reversals). Now checking in at 1.52, the next two days can pump it up even higher into panic selloff territory, as the two numbers coming off of the 10 DMA are very low (0.96 and 1.05). Of the other indicators I follow, the Daily Equity Put/Call ratio is signaling a good short term buy point. However, both the NASDAQ and NYSE MacLellan oscillators are neutral. The Nasdaq is slightly bullish, after today will become a little more so. The NYSE is slightly positive (bearish). Haven't checked the VIX yet, but it was also providing a bearish count at last check. So unlike March/April of this year, all the ducks are not lined up just yet. Now the ARMS Index, perfect indicator that it is, may take a couple of weeks to kick in, this could provide the time for the other indicators to line up with futher market capitulation. I also am wondering if the some of the indicators are providing skewed signals. This being August with some of the lowest trading days of the year, I suspect many of the professional money managers are on vacation, leaving individual investors to panic out of techs, etc. and hence provide lopsided TRIN figures. Since the institutions aren't there in size to scoop up sold off shares, every day begins to resemble the last. This gradual selling keeps the volatility indicators down. Just my two cents. However, I am considering picking up some tech here prepping for that intermediate move upward. Can Dabum or anyone else help with buy signals? Dabum, are you keeping tabs on ORCL, SEBL, KLAC et. al.?? Warp