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

To: TechTrader42 who wrote (14482)	8/10/2001 11:02:55 AM
From: dennis michael patterson	Read Replies (1) \| Respond to of 52237

The chance of fed rate cut is what will keep me out of shorts. I couldn't take THAT pain

To: TechTrader42 who wrote (14482)	8/10/2001 11:26:44 AM
From: bob wallace	Read Replies (1) \| Respond to of 52237

here's another complacency view: from RealMoney: Jay Shartsis MARKET 8/10/01 11:05 AM ET A big problem in my indicator set is one very few people know about. It is the "mirror image" OEX put/call ratio. It compares out of the money OEX puts to calls. At market bottoms one sees the puts bid way up vs. the calls. At important lows, the puts can be 10 times the price of the calls. At market tops, the puts are maybe 40% or so higher than the puts. Right now with the OEX at 602, the Aug 585 put is $2.10 and its mirror image call, the Aug 620 is $1.45. This is quite bearish because it indicates a high level of complacency.