Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: Killswitch who wrote (12025)	5/3/2002 12:03:17 PM
From: yard_man	Respond to of 19219

well -- spike bottoms are rare -- you better have a pretty deep spike before trying that. That's why I said -- wait till next week at least before buying.

To: Killswitch who wrote (12025)	5/3/2002 1:11:40 PM
From: Killswitch	Read Replies (3) \| Respond to of 19219

"Bearing Witness 05/03/02 12:57 PM EDT One indicator that has been quite accurate through this whole decline has been the "mirror-image" S&P 100 (OEX) options. They have refused to show anything like the high level of fear needed to call a bottom. Today with the OEX at 530, the May 505 put is 1.90 bid. It's "mirror-image" call, the May 555, is 1.00 bid. At only about 2-to-1 put-to-call, this will probably change big time at a good bottom to a put price eight times or more that of the call. This thing, is then, still quite bearish in its implications."