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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: Killswitch who wrote (15022)11/7/2002 6:41:11 PM
From: mishedlo  Read Replies (1) of 19219
 
Equity put/call numbers have to be freaking the bears out here... While there are many other bearish indicators popping up, this one is staying bullish.

Bullshit

PC ratio has been extremely call oriented for weeks.
The first turn is BEARISH not bullish as call buying has exhausted itself.

Look at OI
QQQ pain is 24
MSFT pain is 50
INTC pain is 15
CSCO pain is 10

Those targets likely to come close or hit within a week

M
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