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Strategies & Market Trends : Sharck Soup

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To: tennessee_ted who wrote (12893)3/23/2001 1:13:53 AM
From: Mike M  Read Replies (1) of 37746
 
The internal momentum of the downward move has been sliding for over a week. IMO This isn't just a two day rally. It will likely take several weeks to unfold. The put to call ratio was way out of whack (well over 1) and that can take some time for the hedges to be unwound. Bear rallies will likely leave the bears squirming as consolidation moves are unconvincing and puts lose their premiums...The NAZ has been outperforming the S&P lately and will likely have a much more significant rally and fall less when the bear continues. I doubt April puts will be much fun if your holding out for a breakdown.

Good luck.
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