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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: Rarebird who wrote (199)2/26/2000 6:48:00 AM
From: GROUND ZERO™  Read Replies (1) | Respond to of 33421
 
Right, and I've been looking at those same observations... oh, I think we could see a rally or two every now and then, maybe early this coming week, but the growing complacency and overly optimistic put call ratio cannot be ignored.... I don't think that the traders and investors of recent years have been properly introduced to a genuine bear market action.....

GZ



To: Rarebird who wrote (199)2/26/2000 12:23:00 PM
From: Michael Young  Read Replies (1) | Respond to of 33421
 
<<What concerns me here is that the index put-call ratio is an extremely optimistic 0.68. Complacency has been growing each day this week!
>>

Last ratio I saw on the QQQ was a staggering 1.4. Suggests extreme pessimism and betting against the Naz.

That would suggest we are going higher still . . .

MIKE