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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: John Madarasz who wrote (54074)	9/19/2002 11:52:49 PM
From: mishedlo	Read Replies (4) \| Respond to of 209892

Looking ahead, I am seeing something I have not seen for a while. PUTs outnumbering calls. People have reported high PCs ratio but I wanted to see it in OI to believe it. Well I see it. Puts outnumber calls by a huge margin at 19 20 21 22 and 23 in OCT. We are gonna have one hell of a collapse or (IMO a big rally in OCT due to max Pain). WE need a spark. Not sure what that will be. Of course this is preliminary and if we have couple days of up here and there and call buying kicks in, then end of rally. At any rate calls at QQQ 24 outnumber puts by a huge margin. So a collapse to 19-20 and a rally to 24 then a collapse in Nov when CSCO blows up? All speculation but as a bear I do not like those puts building up in OCT. Everyone seems to think capitulation in OCT. Hmmm. I am thinking possible Oct rally and then a collapse in Nov when NO one expects it. CSCO reports in NOV and perhaps they tank the market huge time with a miss. I am sick of CSCO ramp jobs anyway. This is all preliminary, but caution is advised with all these puts building up. M