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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: pater tenebrarum who wrote (10713)4/12/1999 6:26:00 PM
From: Haim R. Branisteanu  Respond to of 99985
 
Analysis of end of Day Closing prices and recommendations
in Rubins Tulips Market -

This is the most effective list, but validate signals. Results
are relative to the SPX and move relative to the SPX - Haim
see more comentary and data at bway.net

Today is 04/12/99 Remember this is a computer scan only

S&P Closed 1358.63
S&P Change 10.280

Recomandation Price Stoch. RSI RSI RS
Change ROC%

SELL SIGNAL ON AF 10.188 80.556 65 1 -126
BUY SIGNAL ON ASA 16.562 27.692 47 4 1
SELL SIGNAL ON BZL 4.688 88.095 68 -6 -56
BUY SIGNAL ON CRUS 6.812 31.169 43 8 18
SELL SIGNAL ON EMF 11.750 86.154 70 0 -10
SELL SIGNAL ON HIT 77.125 86.364 65 -1 -4
BUY SIGNAL ON HNZ 46.250 10.985 37 11 12
SELL SIGNAL ON INTU 104.875 82.948 57 -1 -7
BUY SIGNAL ON SGI 12.938 14.458 41 3 46
BUY SIGNAL ON TKR 16.688 29.630 45 13 3
BUY SIGNAL ON PIXR 35.625 13.386 37 10 28
SELL SIGNAL ON IBM 183.438 89.697 57 -5 -24
SELL SIGNAL ON NT 73.750 90.708 72 0 -337
SELL SIGNAL ON TBH 90.750 86.876 73 2 -3910
SELL SIGNAL ON EMC 130.562 91.554 62 -8 -9



To: pater tenebrarum who wrote (10713)4/12/1999 7:14:00 PM
From: pater tenebrarum  Respond to of 99985
 
PUT/CALL ratios for today

CBOE total: 0,51
individual equity: 0,35
OEX: 1,50
VIX: 23,66

we still have a low individual equity ratio combined with an unusually high OEX ratio. volume on individual calls increased by a whopping 136605 contracts today with puts managing a still respectable 54645 contracts increase. volume on OEX calls and puts increased by 11703 and 11822 contracts respectively. although the bullish signal given by the OEX ratio has recently proved to be the one to follow, it must be said that the sheer size of the increase in call volume on individual issues raises a big question mark with regards to the continued validity of the OEX signal. i suspect also that the slight rise in the VIX is mostly due to expanding call premiums (this is the impression i get from looking at the OEX options chains). usually this means that expensive calls are being sold to the eager public on expectations that the upside from here is limited. this is not to say that the market indeed has no more upside to it. we may even see a couple more very strong days where 'panic buying' in calls ensues, as was the case shortly before the dow's short term top on january 8. if on the other hand the market pulls back a little from here, the life of the rally may ultimately be somewhat prolonged.

hb