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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Trumptown who wrote (23637)	5/26/2000 9:25:00 AM
From: donald sew	Respond to of 42787

Sting-ray, >>>>> on a subjective basis, it looks like most least expect it to go up from here... <<<<< It all depends on how one interprets the data. From the CBOE PUT:CALL RATIO which closed at .56 which I consider neutral territory. So yesterday there was about 1.78 times more Calls purchased than PUTs. Not that .56 is bullish or bearish but many were expecting the market to head up. I believe that as of WED there was a split on the majority view - either it was on the side of the market moving up or that the 2900-3000 would hold. If that is true, then the contrarian position is that 2900-3000 will not hold, not that the market will move up.