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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?


To: edamo who wrote (31713)2/22/2001 1:14:27 PM
From: Hobie1Kenobe  Read Replies (1) | Respond to of 65232
 
Ed - maybe a nice setup for a trading rally. See this from Jay Shartsis @RealMoney.com

2/22/01 12:45 PM ET
There is a put/call ratio that traces the Nasdaq alone. The highest level (lots of puts) recorded at the Dec. 2000 bottom was a .66; today it is at .63. Well that is a lot of put buying. A late-day rally, if it happens, should be bought.