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Talk about being trendless, nya adv and decl are stuck in the 1200 to 1600
no trend zone. The call and put trins are stuck close to 1.0. Cumulative
volume is flat. It really is a 50/50 coin toss at this point.
BobR
-----Original Message-----
From: BobR <bobrabcd@xxxxxxxxxxxxx>
To: realtraders@xxxxxxxxxxxxxxx <realtraders@xxxxxxxxxxxxxxx>
Date: Thursday, July 27, 2000 4:14 AM
Subject: [RT] MKT - OEX - cboe trins
>Yesterday was rather interesting from the cboe trin perspective. The day
>started out with the call and put trins in a bearish posture with the put
>trin below 1.0 and the call trin above 1.0. The call trin peaked in the AM
>and once it fell below 1.0 the OEX rallied 5 points. It wasn't
sustaineable
>as the Put trin didn't budge and remained below 1.0. The belief here is
>that a real sustainable price trend occurs when these two trins flip flop
>about the 1.0 line similar to the NYA Trin or Arms index.
>
>BobR
>
Attachment Converted: "f:\eudora\attach\trins3.gif"
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