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Technology Stocks : JDS Uniphase (JDSU) -- Ignore unavailable to you. Want to Upgrade?

To: Gregory who wrote (8862)	4/14/2000 6:37:00 PM
From: lawdog	Respond to of 24042

# of puts/# of calls. That is only equities. For index options the ratio was 1.7 put:call (very high). The equity p:c was very bearish, but I would have rather seen it hit 1+ today. 1+ in conjunction with the VIX would give good odds for a bounce Monday (as strange as that sounds). The fact that this downturn happened on a Friday is a negative that counts against the p:c and VIX. I'd say there is a 75% chance for a bounce of 200 pts on Monday and a 25% of making new lows. However, I would say a 95% of a 200+ pt bounce on either Monday or Tuesday. If there isn't a bounce by Wed. this market is f*&!ed left, right and center and I would take no prisoners in getting the hell out of it and entering bonds instead.