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To: Cynic 2005 who wrote (41855)10/25/2000 4:27:49 PM
From: pater tenebrarum  Respond to of 42523
 
amazingly, except for a brief surge at the open, put buying was extremely subdued...0,45 overall ratio, 1,17 OEX.
it's what you normally see on a strong up day...

yesterday, Lance from prubear had this to say:

"Tonight we hear from NT, CPQ, and AMZN. Looks like to me we’ve rolled over and will soon be headed for another downleg. Better buckle up and make sure your tray tables are in their upright and locked position… I tend to think we’re coming in for a hard landing…"

prudentbear.com

what if we're coming in for a mid-air collision?



To: Cynic 2005 who wrote (41855)10/25/2000 4:31:35 PM
From: pater tenebrarum  Read Replies (2) | Respond to of 42523
 
allow me to add...neither the p/c, nor the Rydex ratios suggest any kind of bottom yet.
the overall Rydex ratio was at a bullishly exuberant 0,12 yesterday (only 12% of Rydex assets in bear funds), with the tech weighting of bull assets at 79,5%.

at a panic bottom, the Rydex ratio sometimes exceeds 2,0, as has for example happened in '98.