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

To: Paul Shread who wrote (28323)	1/24/2002 5:09:47 PM
From: jvbig	Respond to of 52237

Stupid options question.. What does it mean when puts and calls both go down?..nobody wants anyting to do with the underlying? quote.yahoo.com

To: Paul Shread who wrote (28323)	1/24/2002 7:39:38 PM
From: Terry Whitman	Respond to of 52237

Interesting reading on the put/call ratio. But it's actually what you would want to see in terms of the trend. Draw a line across the highs. Rising tops into the Sept '01 cyclical bottom- and falling tops after. Bottoms have stayed even. You can see it on the weekly chart too. So a one day put/call ratio doesn't really sway me. A rising trend would. The AAII number, OTOH is a little more worrisome- I don't really have a good explanation for it's bearishness- other than 'maybe the little guy is right for once'. I understand the little guy was correctly bullish in the aftermath of the '87 crash- so it's not unheard of..