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Kind of makes me wonder if the Fed isn't going to
raise interest rates a full point.. LoL...
What could possibly fuel a kick in the pants of
buying psychology?
All I remember of '82 was in SF it was really hard
to find work as a tradesman. Scratch for your living, no real estate was
selling.
It was dire straits.
I admit I am isolated now in San Jose with its
affluence, but the 1 million and above homes are starting to be
taken to the market via foreclosure!... the average
track house in San Jose are not showing in my neighborhood!
I think it might just be starting. The
common people who had over a million in stock
options don't have that anymore and are just starting to hurt.
OBTW, what the heck is the Open 10
trin. That is a sum of trin for 10 days right?
Don Thompson
<BLOCKQUOTE
style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
Chris
Cheatham
To: <A
href="mailto:realtraders@xxxxxxxxxxxxxxx";
title=realtraders@xxxxxxxxxxxxxxx>RealTraders
Sent: Sunday, August 19, 2001 12:00
PM
Subject: [RT] sentiment
from Mike Drakulich...
"The OPEN 10 Trin today closed at the second highest, most oversold
reading in the past FIFTY years, that being todays Open 10 reading of 1.47.
AFTER the crash in 1987, it was 1.58. At THE low major lows in 1974 it was at
1.42 on two days right at the lows. The simple 10-day is at 1.66, bell
ringing. The Naz Open 10 is extreme at 1.49. And todays 1.07 CBOE P/C ratio is
one of the top closing readings since the major lows in Fall of 1988, and the
10-day CBOE P/C ratio is at .81, second highest 10-day PC ratio since the Fall
of 1998 lows! Highest was seen at the recent Mar/April lows, around .85.
"
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