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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Logain Ablar who wrote (3684)	4/5/2001 9:05:26 AM
From: John Pitera	Respond to of 33421

Tim, it looks like the market is trying to put on it's rally cap today..Interesting. Dell helping to stabilize things?? THE BOE does lower rates today: 07:19 ET BOE Lowers Rates : As expected, the Bank of England lowered its repo rate by 25 basis points to 5.5%. The Monetary Policy Committee stated that "while growth in final domestic demand has remained firm, there are downside risks to U.K. activity form the slowdown in the global economy, the recent fall in equity markets and, in the short-run, from foot-and-mouth disease. These developments could already have affected demand and output growth and may continue to do so, in particular through their impact on business and consumer confidence."

To: Logain Ablar who wrote (3684)	4/5/2001 11:19:19 AM
From: John Pitera	Respond to of 33421

the NASD up to down volume was 214 million to 4 million down for the first half hour with a 5 to 1 A/D NYSE up to down volume was 10 to 1 for the first half hour, with almost 3 to 1 Advances over declines so we are seeing some strong action. the TRIN got up to 4.91 on tuesday and combined equity put call ratio was over 1.00 which is the highest level of puts we have seen this past year. The put call ratio so far today is .80 which is a bit surprising that this many puts are being bought on the rally .