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Looks like the hot air was composed of excessive $call volume/($c+$p). CBOE
made it over the 0.75 contrarily bearish level before turning down. Makes a
nice peak confirmation.
bobr
----- Original Message -----
From: "Ira Tunik" <irat@xxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Thursday, March 28, 2002 8:11 AM
Subject: Re: [RT] rising on hot air ?
> This is the end of the quarter and the fund manages bonuses are based upon
> gains and losses in the quarter. Give them the credit for the rally and
> larger take home checks for the quarter end performance.
>
> "M. Simms" wrote:
>
> > Gold stocks, as represented by the XAU Gold and Silver index, have
> > gained just over 10.0% over the last four trading days, and the yield
> > curve (30 year over 2 year) has steepened by 8.7 basis points over the
> > last 2 days.
> >
> > Can he equity market continue to fight these negative counter-forces ?
> > It's been amazingly bouyant....climbing those "walls of worry".
> >
> > If that yield curve steepens any more.....it may fall over backward
(along
> > with the economy) !
> >
> >
> > To unsubscribe from this group, send an email to:
> > realtraders-unsubscribe@xxxxxxxxxxxxxxx
> >
> >
> >
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http://docs.yahoo.com/info/terms/
>
>
>
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>
>
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>
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