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Strategies & Market Trends : The OEX... gasp!
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To: Chris Baker who wrote (532)2/13/1997 11:40:00 AM
From: Patrick Slevin   of 658
 
For the most part I agree with you but there are times.....

For example, I believe it was Jan. 23rd.

I noticed the options had an odd pattern..even with large volume. Even an advisory put out by a fellow named Hagarty called attention to it.

The futures were up 7, the OEX was chugging along .... yet the near puts were only down 2 and the calls only up 7/8.

The market tanked in the afternoon.

As for Pessimism, an advisory I received last night said he could not find one short-term bear. The closest was Arch Crawford...who will be bearish after the 18th.

His comments are at;
nirv.com
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