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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: yard_man who wrote (87749)6/27/2002 11:30:48 PM
From: ajtj99  Read Replies (1) of 99280
 
tippet, most of the indicators on the dailies have crossed up or reversed, so I don't think it's so much a question if we've reached a local bottom or not. I think most everyone will agree that this bottom will not hold for more than several months at the most.

The main question is how long will it last, and how far will it go, both tomorrow and next month.

I looked at the equity put/call again, and the closing numbers are not that terribly bearish. They're actually lower mid-range. They still have room to get lower.

I would not really pay much attention to put/call ratios before 10:30AM. The volume is usually so low that the numbers can be skewed, IMO.
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