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Strategies & Market Trends : Sharck Soup

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To: exp who wrote (34008)9/2/2001 1:28:53 PM
From: mishedlo   of 37746
 
cboe.com
These lofty levels are starting to bother me (as a bear).
It does not seem reflected in the Moving averages, however.
stockcharts.com[w,a]daclyymy[d20010201,20011001][pc13!b10!c20][vc60][iuh14,3!li14,3]

I also notice a big difference between S&P 100 (oex) and S&P (500).

Is this some sort of wierd hedge that the big boys play?
They expect someone to prop up the big boys?

Also look at P/C ratios on MSFT and INTC and they are extremely bearish viewpoints so that could sugget a rally.

Could not tell much of anything on CSCO.
MSFT and INTC rose on Fri and the market was more or less flat - QQQ was flat.

Speaking of QQQ P/C ratio, a bounce to about 38 would appear to be about right. But is it time for a bounce? Bounce calls have all been wrong wrong wrong. If I was heavily short I sure would consider taking some off the table.

Thinking about NEM and PQUE long trades here (unrelated to above P/C ratios).

Thoughts on any and all of this?

M
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