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No. of Recommendations: 4

For help to interpret these #s this message may help
http://boards.fool.com/Message.asp?mid=14622097

Volume
NYSE
M 1210 million light-moderate
T 1373 million-moderate
W
TH
F
NASDAQ
M 1808 million light
T 2535 million-heavy
W
TH
F
Advance/Decline:
NYSE
M .63 1182/1861
T .31 737/2356
W
TH
F
NASDAQ
M .37 1022/2724
T .26 800/3012
W
TH
F
New Highs/New Lows
NYSE
M 87/49
T 33/158!(suddenly the laggards have taken control)
W
TH
F
NASDAQ
M 69/277
T 20/612!
W
TH
F

TRIN
NYSE
M 1.57 Very Bearish
T 3.09
W
TH
F
NASDAQ
M 1.54 Very Bearish
T 3.70 Beyond bearish
W
TH
F
52 week range .17-11.17

TICK COUNT
NYSE
M -615 Very Bearish
T 278?!?!?
W
TH
F
52 week range -1376- 1535
NASDAQ -
M -993 Very Bearish-Borderline Panic!
T -91
W
TH
F
bearish 52 week range -1299- 1103

VIX
NYSE
M 34.75
T 39.33
W
TH
F
52 week range 18.06-41.99
NASDAQ
M 72.22
T 75.12
W
TH
F
52 week range 59.96-78.96


Put / Call Ratio: Equity Options
M .67
T .99(the only decent glimmer in this disaster-ill explain)
W
TH
F
Put / Call Ratio: Index Options
M 2.10
T 2.16
W
TH
F

CBOE Volatility index
M 34.75
T 39.33
W
TH
F

I know I am sounding like a broken record but another awful day. The TRIN is obscene all around and the NYSE actually had a tick count of +278! That means that people are dumping huge postitions on down ticks, and they are not just dumping tech. Volatility is closing in on year highs on both exchanges. The NYSE has caught whatever the NASDOG had-notice how suddenly laggards have taken control. In this whole mess there is one faint glimmer of hope. Ted said he valued the put/call ratio above all indicators, and I kind of understand why. Remember-the general public is usually wrong!!!! By the time the general public realizes that it is time to short stocks that could mean it is time to go long. Remember how easy it was to make money when this stock market was going up? Well it is the same exact thing on the way down, shorts are making tons of $$$. Well just like those who were late to the dot com and tech partys and bought Amazon at $180 and Ask Jeeves at $170 got killed, those who are late to the short party could suffer the same fate. Hopefully that .99 put/call ratio puts us one step towards capitulation. We certainly are due for a bear rally/short squeeze. Mish, you have anything to add?
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