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Strategies & Market Trends : John Pitera's Market Laboratory

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To: Chip McVickar who wrote (1764)5/24/2000 10:34:00 PM
From: robert b furman  Read Replies (1) of 33421
 
Put /call ratio having three spike in recent time period suggests a latent source of purchasing power if volume on turnaround can create a squeeze hard enough to be selfulfilling.Then add all the scared buy the dippers sitting on the sidelines.

I wouldn't call it a stretch at all. It 's quite possible.I think key to the reality is a confirmation day occurring between next wednesday and friday(a 1% up day on volume above the previous day and over the recent average- not too hrd to do).

Bob

In otherwords the institutions need to come to the party.
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