Monday, October 6, 2008

mon 10/06/2008 7:42am

bottom?

new lows today on nyse was 1973, that's higher than the 1304 record reached 7/15/2008.
but nasdaq only had 976, far fewer than the 2101 reached 10/20/1987

btw, on 10/19/1987, there were 1068 new lows in the nyse and 1174 the next day.

vix reached a record of 58.24 at 15:01pm
before this, the highest was 49.53 on 10/8/1998

these 2 indicators would suggest a reversal, but arms max'ed out at merely 5.92, not the stuff of bottoms.

elsewhere, the largest amount of put options traded today at 5772202, besting the 5663745 of last 8/16/2007

puts/calls of 1.511 is not near the record of 1.704, although crazy high.


paul
 
 

  


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