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Strategies & Market Trends : Classic TA Workplace

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To: oldirtybastard who wrote (10354)	8/18/2001 10:37:09 AM
From: AllansAlias	Read Replies (2) of 209892

Lots of bearishness out there now. Fine. Lots of online articles about bottom markers telling us to get long -- extremes in this and that not seen since here and there. I am going to stab at net long next week if things get a little scarier first. We are over the abyss and the odds bet there is always to bet against it. If I am wrong about long, you watch how fast and furious I get stopped out -- it would be ugly. A note about all the commentary concerning P/C ratios: I pay no attention to them the day before and the day of options expiry. Just too much noise. What I will pay attention to is the CBOE total put/call open interest. It closed at .58 Friday, not very bearish. cboe.com

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