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Strategies & Market Trends : Waiting for the big Kahuna

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To: Oeconomicus who wrote (25220)8/26/1998 5:43:00 PM
From: robnhood  Read Replies (2) of 94695
 
<<Sentiment seems too bearish >>

I agree,,, I noticed today on the newswire that the cboe put call ratio was 2.95/1 as compared to yesterday's reading of .95/1..

That was around 2.30. I don't follow that indicator , but it struck me as indicating a very strong bearish sentiment.

As far as Russia, well what everyone suspected has now been confirmed. Still if the market wants to go down, any excuse will do.

russell
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