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To: Les H who wrote (32809)5/12/2000 6:02:00 PM
From: pater tenebrarum  Respond to of 42523
 
i also expect one soon...lately we've had several relatively high readings, so we should get close to a bottom in time. that says nothing about price, which could be a lot lower than current levels. the Rydex ratio remains in overbought territory.



To: Les H who wrote (32809)5/12/2000 6:29:00 PM
From: patron_anejo_por_favor  Respond to of 42523
 
The equity p/c's were high yesterday, but back down to 0.43 today (overall p/c was .53). Not overwhelming bearish sentiment, IMO. Also the VIX is back under 30. I think a growing segment of the investor populace thinks we "successfully" retested the lows, and are waiting for the all-clear from Greenie. Unfortunately...the light at the end of the tunnel is a train's headlight (although we may have a huge a frantic rally attempt on Tuesday, especially if the CPI isn't horrible). Next week will be interesting.