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


To: kodiak_bull who wrote (7235)8/31/2001 10:15:42 AM
From: Think4Yourself  Read Replies (1) | Respond to of 23153
 
It was Ralph Bloch screaming buy. CNBC reported he was very excited. Said the arms broke 2(?) for 2 days in a row, which hasn't happened for 14 years. Also said that major tradable rally should occur within 7 days.

This makes sense with the "less panicky", and much richer, traders coming back next week. Have been buying again this morning, although it is not as easy as it was yesterday.

Already made up all of yesterday's losses this morning, and then some. The big down days get all the attention, but the pressure on stocks with high short interests still seems to be up.



To: kodiak_bull who wrote (7235)8/31/2001 11:01:46 AM
From: Warpfactor  Read Replies (2) | Respond to of 23153
 
KB,

For a current reading of the ARMS Index, go to STOCKCHARTS.com and enter $TRIN. The ARMS Index represents a 10 day moving average of $TRIN, so be sure to have your moving average selected. The Astrikos.com site provides the daily TRIN, but not the 10-dma.

Re: the 1.5 signal. It happened 12 trading days ago. According to all historical occurrences of this indicator, we've still got about 10 trading days left for the indicator to "work".

$VIX is an indicator that hasn't come on board yet. Same with the MacLellan Oscillators. The MacLellan ocscillators for the NYSE and NASDAQ are now bullish, but are not tripping the buy thresholds just yet. $VIX is creeping into the upper 20's, still a ways to go from the 35 trigger.

BTW, does anyone have a mechanical description of $VIX? I would like to know how it is calculated.

Despite my current dispondancy, it looks like like markets probably have more downside work. Congrats to you and Jim P who have been patient, you may be rewarded with excellent buying opps in the next two weeks. I've still got lots of capital to deploy, but am getting a little gunshy here.

Warp