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Strategies & Market Trends : Drillbits & Bottlerockets -- Ignore unavailable to you. Want to Upgrade?


To: Jorj X Mckie who wrote (5095)3/8/2001 6:46:04 PM
From: Atin  Read Replies (1) | Respond to of 15481
 
Yes, I saw that -- someone was telling me that there were some huge call buys that happened yesterday -- very few trades, but large blocks. I'd be more comfortable with a bearish sentiment read if it was lots of little blocks rather than a few big ones. A few big ones implies short covering to me or some sort of hedge.

I do feel silly arguing a bullish point of view on the evening when INTC warns big time -- so I should clarify that I don't think we ramp up tomorrow. Just that we're a lot closer to the bottom and that I think some of the more saavy people are starting to scale in their longs on the big cap techs (based on the bullish percent number).

-Atin