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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts -- Ignore unavailable to you. Want to Upgrade?

To: Oral Roberts who wrote (45809)	7/16/2000 9:32:02 PM
From: Rich1	Respond to of 63513

Lotsa folks bearish probably good indicator to the opposite side but the sid eof caution is also very good. Carpino says if market doesn't go down decent amount by Friday, he wouldn't be short. Guess he is kind of covering all bases. This is options expiration week coming.

To: Oral Roberts who wrote (45809)	7/16/2000 9:52:35 PM
From: Doppler	Read Replies (2) \| Respond to of 63513

Stats (albeit incomplete) aren't bearing out the bearishness. They are very bullish here. As Giz said the Vix is extremely low which is very bullish. I looked at the QQQ options (which I am thinking of buying). The July call to put ratio for "near the money" is anywhere from 3-1 to 6-1. QQQ is at 100 and the 100's have 12,060 call contracts outstanding, the puts only have 2026. August "at the money" is about 3-1. Those are very bullish figures, and of course are considered contrary indicators. PS- how long you keeping ATML