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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: Cynic 2005 who wrote (12147)	12/22/1997 3:56:00 PM
From: Cynic 2005	Read Replies (3) \| Respond to of 18056

To all, Re: my call on a possible big sell-off tomorrow. It was mainly based on lack of breadth on Friday, during the recovery. I have found a couple of technical indicators which are short-term bullish for the market. 1. index put/call ratio 0.71 almost equal to Nov 11th level. 2. sharp rise in short-interest on NYSE stocks. Due to these two contrary indicators, I am not sure if a sell-off will occur tomorrow. Overriding factors such as earnings warnings from a couple of big companies and a continued sell-off in Aisa could change the scene any time. Unless that happens, the sell-off is on a hold for now. -Mohan