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Strategies & Market Trends : P&S and STO Death Blow's -- Ignore unavailable to you. Want to Upgrade?

To: LTK007 who wrote (2292)	6/13/2002 9:11:02 PM
From: Lone Ranger	Respond to of 30712

its, Personally, I wouldn't be surprised if we have a few panic down days soon. I agree with Jeff, they may hold it up a little longer but the sentiment is too complacent for this type of bear. A quote from the big picture in Investor's Business Daily today: "The put/call ratio, which challenged extreme levels at 0.96 Wednesday, fell to 0.81. That's puzzling action for a day that saw losers slap winners by fairly wide margins." It just doesn't seem like there is much demand for equities out there and a large supply of stock for distribution. As you said before, most of these rallies seem to be short covering inspired and people very complacent, imho.