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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: HairBall who wrote (29948)	10/15/1999 1:47:00 PM
From: Andeveron	Respond to of 99985

LG, it means that there is heavy put buying today and that a late afternoon turn-around may be in the making to wax the value of those puts. We saw this in October 08, 1998 as well. The pits are running stops up and down today and whipsaw is afoot.

To: HairBall who wrote (29948)	10/15/1999 1:53:00 PM
From: Walt Deemer	Read Replies (1) \| Respond to of 99985

Please explain your take on the high put/call ratios Regarded as contrary sentiment indicators. High ratios are considered bullish 'cause they reflect 1) too much put volume (too much bearishness) or 2) too little call volume (not enough bullishness). High ratios usually occur at bottoms, although one could ask "how high is up?" here -- and I'd be happier if I knew how much of the put volume was created by opening (new) transactions and how much by closing transactions. But taken at face value, they're VERY bullish numbers... -- WD