The OEX... gasp! Message Board

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Strategies & Market Trends : The OEX... gasp!

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To: Chris Baker who wrote (119)	10/2/1996 8:15:00 AM
From: Carl Petrovsky	of 658

Hi Guys, My thoughts: Very good news from the LEI and Production Numbers; Bonds up 20 ticks and the Dow unchanged???? Seems that there is a LOT of resistance around 5905-5925. I own oct puts and even though they got whacked yesterday, i feel we are heading lower, at least for a little consolidation. p/c ratio is going down and odd-lot sales are up. As a contrarian, it is clear that there is too much bullishness out there and that would be an even better case for a sell off. The futures are up now so I see a bounce in the a.m. but we might see a drift sideways and then a sell off later!?? Anyways, I've been trading the OEX for a long time and am glad to have found a good forum to VENT and to share opinions. I am active in some of the other stock forums here and just now found this! Good luck today. Carl

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