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To: ild who wrote (140706)	12/27/2001 9:01:20 PM
From: sun-tzu	Respond to of 436258

some of the best traders i know don't use any charts, all they do is read tape.

To: ild who wrote (140706)	12/28/2001 11:25:52 AM
From: Knighty Tin	Read Replies (1) \| Respond to of 436258

Ild, Nope, my tutor was not Jesse Livermore. It was Jesse Ventura. <g> I'll tell you, he just about killed Rick Springfield for eyeing "Jesse's Girl." <g> I look at charts. I just don't draw lines and make predictions off of them. I look for things like highs and lows in trading ranges. The put/call ratio seems to have no basis in reality as the users aren't sure what they are measuring. Since long calls can really be long puts and vice versa, it makes the point kind of moot. Typically, institutions are selling covered calls, which makes that a big volume option. But the traders are using that volume to put on all sorts of strategies from bullish to bearish to neutral. Tick and Trin are a good clue about what has already happened in the market recently if you can't get a price quote for some reason. <g> I just don't happen to believe that what has happened lately is that great clue about what is to happen. And, I have a huge reluctance to follow somebody else's lead. In anything. I would never be a good dance partner in prison, so I'd better stay honest. <g>