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Strategies & Market Trends : The Amateur Traders Corner -- Ignore unavailable to you. Want to Upgrade?


To: Blue On Black who wrote (12769)8/16/2001 6:14:33 PM
From: Tom Hua  Read Replies (1) | Respond to of 19633
 
Lee, if you monitor the put/call ratio during the day, the late rally was expected. Every time the put/call ratio approaches 1 on a down day, 9 times out of 10, the markets will make a last hour surge. Today it hit 0.96. Such rallies however are not sustainable.

Regards,

Tom