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To: pater tenebrarum who wrote (13180)8/23/2000 11:50:58 AM
From: AllansAlias  Read Replies (1) | Respond to of 436258
 
Yes, you and I have exchanged a few posts on this. There is still too much put buying all round for there to be big down. VIX might signal complacency, but it no longer signals bull/bear imo. P/C ratios have not indicated too much bullishness for anything beyond a few hours.

So, bulls dropped to 43% -- oh god. I am going through my bullish-setup common charts as we speak. I do not want to miss the rest of this move. Going with the 1/3's approach, the end of day today might look like an excellent time for a 1/3.

Long is rolling over a bit, but it is up so much that I will probably give it some good leeway. Time to put the mitts back on. -g