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To: Stu R who wrote (7335)	3/13/2000 9:44:00 PM
From: Jim Willie CB	Respond to of 35685

on put/call ratio disparity, expressed with reservations the CBOE put/call ratio is a function of S&P index options both S&P500 (SPX) and S&P100 (OEX) I show from Barrons this weekend a value of 23 for VIX which is on complacent bearish end of range this is a function of pure option premium (no ratio) dont understand the nature of your quoted figure the put/call I mentioned pertained to Nasdaq it is a function of the QQQ, which ties to Nasdaq100 I would intrepret my available data as negative for S&P and positive for NazComp no two put/call ratios are equal you can have one based upon S&P indexes you can have another based upon component stocks' options / Jim

To: Stu R who wrote (7335)	3/14/2000 1:32:00 AM
From: Jim Willie CB	Respond to of 35685

TA on Siliconix SILI: coming down imminently for shooh its relative strength is hugely overbought high that RSI is an astounding 85, and 80 is extreme it has been above extreme 80 before its daily stochastics have begun to crossover look for some giveback profitaking move from 90 to 150 might lose at least 3/8 in retracement that would take it to 126-128 maximum losing 5/8 would be 111-113 its 18day MA is now at almost 100 that leads me to believe something like 100-113 on pullback as with other explosive techs just written about, a tech selloff like what has just begun will see the big winners giving some back / Jim