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Bob:
There was a "Buy" signal from 8/22 with the Put/Call ratio at 1.55,
however, the ratio moved to 0.87, on the close of 8/25. I would call
this a "sell". I took this as a reversal signal. Confirmed in my mind
by yesterday's P/C ratio of 0.76!
I don't think that Kurt dealt with reveral signals in his discussion,
but I think it makes sense. I think the 8/22 buy was a loser, but so far
the 8/25 sell has done fine. If this is correct, then one would have
reversed Tuesday morning from long to short, looking to exit the short
on Thursday's open.
I wonder what Kurt will say. Well, we'll see what the market does
today.
Jay
bobrabcd@xxxxxxxxxxx wrote:
>
> VIX Update for close of August 26, 1997:
>
> OK, been waiting all week for that big move. Tomorrow should be it. Down
> then up.
>
> The Modified Volatility Index ended another day on the neutral line while
> the issue and volume oscillators remained almost unchanged. For
> directional clues we have to look at the AMOSS826 chart. That chart shows
> the buy alert from the VIX Z score and Put Call Ratio still in effect from
> the close of 8/22. Some analysts would say the signal aborts after two
> days. However, the signals have been known to be early and we have a cycle
> low and trend change date scheduled to strike on 8/27. The AMOSS chart also
> shows the 5 and 20 day components in the Oversold Zones and the 90 day
> having dropped from extremely overbought to overbought.
>
> BobR
> http://www.oextrader.com
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