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


To: pater tenebrarum who wrote (12180)4/28/1999 7:30:00 AM
From: dealmakr   Read Replies (1) | Respond to of 99985
 
heinz,

CBOE P/C ratios starting to get into the bearish mode on the equity side IMHO @ .33. The OEX P/C ratio hanging that high for a while now makes me think that there is a skewing of that data, maybe by the big boyz taking out plenty of insurance. Something to watch may be the open interest on the OEX to see if a trend developes in an increase or decrease on either side. An increase of OI on the call side or a decrease on the put side may be bearish IMHO. The reverse may also be true for a bullish viewpoint. Also I am wondering how daytrading is affecting this data.

Good Trading

Dave



To: pater tenebrarum who wrote (12180)4/28/1999 8:19:00 AM
From: donald sew  Read Replies (1) | Respond to of 99985
 
HB,

>>>> PUT/CALL ratios for april 27
CBOE total: 0,46
individual equities: 0,33
OEX: 1,90
VIX: 24,19
PVI(CBOE):0,72
PVI(OEX):0,56

ind.equ. call vol.: 537,122(+21,763) put vol.:177,132(+599)
OEX call vol.: 19,340(+8,875) put vol.: 36,553(+14,930)
OEX open interest: calls: 139,181 puts: 196,315
<<<<<<

Heinz, if it is not too much, can you also get the open interest in the ind.equ.calls.

The OEX call vol is rising at a slightly faster rate than the OEX call
vol. On the other hand the IND.EQU.CALL VOL is increasing extremely
faster than the PUT VOL.

From looking at the patterns using the 10-DMA chart, it appears that the spikes to the downside in the OEX P:C do not last that long and should pop up once they bottom. It is not normal for it to base at such low levels, so if it does base it would be an anomoly.

seeya