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To: Activatecard who wrote (26258)	4/14/2000 5:17:00 PM
From: KeepItSimple	Respond to of 42523

>Didn't the put/call ratio stay very bullish all the way to the manic top? >Maybe it stays bearish to the VERY bottom? Exactly.

To: Activatecard who wrote (26258)	4/14/2000 5:48:00 PM
From: pater tenebrarum	Respond to of 42523

well, the put/call and RYDEX ratios were SO extreme for weeks on end, that two days of high p/c ratios are not indicative of anything yet. i only mentioned it because it means we are getting close to a low in time...it is not a reflection on price. meaning we could see the low on Monday or Tuesday, but it may be a lot lower than today... note that it is highly likely that once an intermediate term low is put in, that we'll see a furious bear market rally that will ultimately give way to more selling. this bubble is so big, and the bubble mentality so ingrained, that the BK is most likely to happen in several stages, interspersed with dramatic rallies...