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Strategies & Market Trends : Classic TA Workplace
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To: AllansAlias who wrote (103)4/18/2001 1:43:26 PM
From: Shack  Read Replies (1) of 209892
 
Put/calls are down to .38 so I still favour a pullback. But I am not brave and am hanging back here.

I agree with Bob that in the intermediate term, it is time to play longs. There is potentially one last good shorting opportunity coming for a long while, and even it may not be that great. The sign for me that the pullback will be shallow is if the p/c ratios zoom right back up. I think they will.
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