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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Les H who wrote (43858)	10/7/1999 10:53:00 AM
From: pater tenebrarum	Read Replies (1) \| Respond to of 94695

Les, the overall put vol. wasn't all that big...there was a big increase in OEX put vol., but a decrease in SPX put vol. the CBOE total ratio at 0,52 is on the bearish side of neutral...i agree with the lockdown problem becoming increasingly evident. yesterday mostly the junk was bid up...and i'm not in the camp of the broad consensus, namely that 'the bottom is in'. i'll believe that when the bond starts a convincing rally, not before.