|
PureBytes Links
Trading Reference Links
|
The last time the market sentiment closed this low was March 16. That market low was followd by a 3 day rally which gave in to a subsequent decline that turned higher on April 4 (SPX = 1103 close)
The market rallied from that point and carried the SPX to a high of 1316 on May 22.
The low has been made or is at hand. Which is it? Who can tell?
Steve
>>> bobrabcd@xxxxxxxxxxxxx 08/18/01 01:54PM >>>
The contrary sentiment grew even moreso on Friday as the normalized Equity
C/P and PutVolume and P/C ratios reached into the giveup zones. Such
extremes have marked swinglows previously. Speaking short term, the
Probability Sympathizer has also reached a market reversing level, but for
the long run it has been lower and bases below the green line. That might
just happen in the 3rd month of this quarter and first month of the 4th
quarter. Total CBOE put volume is now between 1.5 and 2 times the ten day
average marking an historical "shallow" buy probability.
bobr
To unsubscribe from this group, send an email to:
realtraders-unsubscribe@xxxxxxxxxxxxxxx
Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
------------------------ Yahoo! Groups Sponsor ---------------------~-->
Make Financial Web sites more customer-friendly
Get a 410 AMAZON.COM Gift Certificate
http://us.click.yahoo.com/hJ2ldA/Bd6CAA/cosFAA/zMEolB/TM
---------------------------------------------------------------------~->
To unsubscribe from this group, send an email to:
realtraders-unsubscribe@xxxxxxxxxxxxxxx
Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
|