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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?


To: JRI who wrote (484)2/20/2001 12:48:13 PM
From: Paul Shread  Respond to of 52237
 
Bizarre options action today; CBOE PC ratio plunged from .89 on Friday to .58 today. Someone thinks this market's not going lower. That's normally contrarian, but a move that big is unusual and makes me wonder what's going on behind it. Maybe a lot of people got short over the three-day weekend -- which would actually be bullish, based on the Friday-before-a-three-day-weekend indicator (such days are considered contrary to the current trend).