Re: [RT] MKT: OEX CVR signals

["BobR" <bobrabcd@xxxxxxxxxxxxx>]

Thursday had the feel of a late summer blow off in the Naz 
with a topped out XMI and NYA.  OEX $C/$P ended near 1.52 after peaking 
intraday over 2.0.  CBOE $C/$P ended the day at 2.59.  Both numbers 
were/are overly bullish and a waving flag for some caution short term, i.e. 
these number are volatile and can change dramatically within one day just like 
TRIN and VIX can.
 
bobr
http://www.oextrader.com/sigma_trader
<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: 
  <A href="mailto:onwingsofeagles@xxxxxxxxxxxxx"; 
  title=onwingsofeagles@xxxxxxxxxxxxx>Gitanshu Buch 
  To: <A 
  href="mailto:realtraders@xxxxxxxxxxx"; 
  title=realtraders@xxxxxxxxxxx>realtraders@xxxxxxxxxxx 
  Sent: Thursday, January 11, 2001 12:20 
  PM
  Subject: [RT] MKT: OEX CVR signals
  
  Given today's and more recent action in the VIX, a lot of 
  the - quote unquote - cottage industry Vix based reversal signals - are about 
  to trip into "Short Market" zone.
   
  I would guess another 8% down in the VIX would start the 
  tubthumpers.
   
  Just a word of caution to those incorporating these into 
  their trading landscape thesis:
   
  At critical inflection points of change in trend - 
  specifically from bearish to bullish on the OEX and related indices - the 
  signals, like most oscillators on the first pass after the inflection point is 
  reached - are WRONG.
   
  GitanshuTo 
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