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To: skinowski who wrote (42557)	6/19/2002 7:41:06 PM
From: bcrafty	Read Replies (1) \| Respond to of 209892

skinowski "more negativity today?" It would appear that way. But if it's the warnings last night or the West Bank bombings that inspired the negativity, that's one thing. If it's option-ex shenanigans that led to the afternoon drop, that's a different thing to consider. Also, I've noticed that often the Wednesday of options-ex week runs counter to the trend at the beginning of the week.

To: skinowski who wrote (42557)	6/19/2002 8:26:47 PM
From: marginmike	Respond to of 209892

no

To: skinowski who wrote (42557)	6/19/2002 9:06:37 PM
From: The Freep	Read Replies (3) \| Respond to of 209892

<<more negativity today than last Friday, when the market was lower? >> I don't really see that. I think if anything I see more resignation, rather than negativity. What's also different is that I don't see anyone but the permabears gloating, and they gloat every day there's red. I don't see bulls saying "it's all over now!" either. The attitude all around is more like "there's gonna be more warnings; things aren't turning around yet; looks like we might go down BUT today didn't break key support." Also, while this board is contrarian, let's look at what we know -- Shack and AA tried longs and no one here mentioned adding shorts/puts at these levels. In fact, it's been hard to find many bears doing much of anything the past three days other than a few selected shorts and holding onto some long established puts, I think. And that makes me wonder if there's finally gonna be a time where shorts don't buy strongly at support? Either that or Allan and Shack clean up on today's purchases. Admittedly, I only skim a few SI boards, though I do talk to a fair number of non-SI folks. (They aren't bullish here, it's true, but nor are they suddenly shorting.) Looking at CBOE, the Index only put call ratio was high today (and often is) but despite a morning spike of negativity, there were 150,000 more equity calls bought today than puts (far exceeding the 50K difference on last Friday; a similar tale in index put/call by the way). Is that exceedingly negative on a day when the market DOESN'T turn around (unlike last Friday)? Of course, the VIX and cousins were up strongly (Allan spotted a QQV positive divergence, in fact), so clearly there was some negativity (and there's no way of knowing how much of these readings have to do with frantic buying/selling of June calls and puts). It's all subjective, and I guess if I weren't such a blowhard I'd've said what MM said: "no." the talkative freep