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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: James Strauss who wrote (33242)9/19/2000 12:00:03 PM
From: Skywatcher  Read Replies (1) | Respond to of 50167
 
PUTS vs Calls...now 10 to 1 on short side on cash basis
10 to 1 short side on QQQ's....
GUCCI not LOAFING around today! up 5
POT is really SMOKIN'! up 4
chris



To: James Strauss who wrote (33242)9/19/2000 12:24:18 PM
From: Peace  Respond to of 50167
 
Hi Jim,

There is always a lot of skepticism around bottoms. Option players are buying a lot of puts thinking this is a short bounce. Some P/C ratios 0.65 overall, 3.4 indices, 3.6 spx. We might just get a big rally this week. Look at the fast stochastics, momentum, rsi etc on the NDX daily chart. The patterns look a lot like the August bottom. I am optimistic but will not get too excited until we take out NDX 3835 preferably 3850.

Peace


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