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To: AllansAlias who wrote (49370)	12/19/2000 7:10:44 PM
From: pater tenebrarum	Respond to of 436258

yes, later this week perhaps. but today the call buyers were out in force...especially on the QQQ calls. enormous volume, and growing OI in the calls. so there's still a lot of ongoing bounceback speculation.

To: AllansAlias who wrote (49370)	12/19/2000 7:25:55 PM
From: UnBelievable	Read Replies (1) \| Respond to of 436258

I Was Looking At The Price of Calls And Also Concluded They Were Very High My conclusion was that the high price of Calls was a clear indicator that there has been no capitulation, that people still believe the market is going to rocket up soon, and that was a pretty good indication that we are nowhere near the bottom. Having said that I can imagine that they will try to bounce it tomorrow and try to keep it up through the new year. I have been having more success focusing on the primary trend, down, and using the waves to buy and sell poots and open and cover shorts, than I had when I tried to take advantage of bounces on the long side. But that is probably due to my limitations.