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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 659.00

+1.0%

Nov 21 4:00 PM EST

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To: John T. who wrote (24459)	9/1/1999 10:50:00 PM
From: Haim R. Branisteanu	Read Replies (1) of 99985

John, the only thing that negates a bullish reading is the low premium or implied volatility in most option. IMHO this is as important as the P/C ratio itself. There is no justification for those stock levels at such a high interest environment and I think we are moving into a period were to be contrarian to the contrarian may make sense. BWDIK Haim

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