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

To: pater tenebrarum who wrote (12293)	4/28/1999 7:28:00 PM
From: bearshark	Read Replies (2) \| Respond to of 99985

Heinz: I was listening to CNBC about AMZN's numbers. I think what they were saying in the conference call was a bit depressing--at least 16 plus points worth on instinet trading. The futures at this early hour appear docile. I just hope the DOT traders take it in style.

To: pater tenebrarum who wrote (12293)	4/29/1999 7:44:00 AM
From: pater tenebrarum	Respond to of 99985

PUT/CALL ratios for april 28 CBOE total: 0,53 individual equities: 0,38 OEX: 1,57 VIX: 25,84 PVI(CBOE):1,01 PVI(OEX):0,59 ind. equ. call vol.: 458,413(-78,709) put vol.: 173,189(-3,943) OEX call vol.: 20,674(+1,334) put vol.: 32,471(-4,082) OEX open interest: calls: 142,586(+3,405) puts: 204,656(+8,341) the one major development vis-a-vis the last report is that call buyers in individual issues have retreated a bit, no doubt as a result of having been burned by the tech sell-off. nevertheless, the ind.equ. ratio is still bearish and there is not yet enough fear in evidence to suggest a short term bottom. as to the OEX, the situation remains largely unchanged. the ratio is still bullish, but overall volume is still too low to attach too much significance to it.the PVI shows the first signs of the expiration distortion being worked out, but is still in neutral(CBOE) to bearish(OEX) territory. the rise in the VIX reflects expansion in put premiums. overall, options activity points to the likelihood of yet another weak session. hb