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Strategies & Market Trends : Classic TA Workplace

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To: yard_man who wrote (22741)	11/28/2001 10:02:34 AM
From: Paul Shread	Read Replies (1) of 209892

I agree that it has taken more and more liquidity to sustain rallies over the course of this year - but then that was one hellacious pump in September. May take some time to wear off. Regarding PC ratios, the VIX and the like - if put volume is at record lows, does it matter what the PC ratio is? No one's buying puts, at least not in the quantity that a high PC ratio would suggest. That said, I'm still in the "one more leg up" camp until proven otherwise.

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