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Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?

To: pater tenebrarum who wrote (25540)	4/13/2000 10:47:00 AM
From: SBerglowe	Read Replies (1) \| Respond to of 42523

From Longwaves: Actually, I'm saying that although there is an apparent double bottom in Nasdaq and that we are now sitting on one SPX support level, the 10 dma of the CBOE P/C Ratio is still extremely low at .48, as low as it has been in the history of the indicator (except in recent weeks). The stubborn refusal by bulls to give any ground in their allegiance to the bull case in the face of such dreadful action is quite possibly a kiss of death for whatever bounce or support is assumed from these levels. Simply put, there is no good case to be made for even a short term bottom. - Al Newman