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To: UnBelievable who wrote (45385)	12/8/2000 8:59:45 AM
From: UnBelievable	Read Replies (1) \| Respond to of 436258

Don't Ink In Bottom Yet, Schaeffer Says Options veteran Bernie Schaeffer says don't bet the market has bottomed. Hit put/call open interest ratio on the Nasdaq 100 (QQQ) is near its lowest level in history, with more than two open call positions for every one open put. "We interpret this type of overwhelming optimism on a downtrending index bearishly," he says. Adds that the Nasdaq Composite hasn't managed one cloae above its 20-day trendline since moving below it on Nov. 8.