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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: Steve Lee who started this subject3/1/2002 12:39:08 PM
From: Softechie  Read Replies (1) of 99280
 
Stocks have got a nice rally going, but will we see an
afternoon fizzle for the third day in a row? Options investors seem optimistic
but sentiment indicators are calling for some caution, what with the volatility
indexes falling closer to levels that have preceded previous short-term
corrections. The CBOE's market volatility index, or VIX, is down 1.29 to 21.84,
near its lowest close in the last six months of 21.77. Active call trading also
sending CBOE equity put/call ratio down below 0.55 Friday morning, a level not
seen all last month and something contrarians can't be too happy about. (KT)
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