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To: mishedlo who wrote (54075)	9/19/2002 11:56:23 PM
From: jjstingray	Respond to of 209892

Mish, I think we are going to get a big rally with everyone looking down. Could it be that maybe we get something bullish out of the Fed. A rate cut would probably hurt, but then again, who knows.

To: mishedlo who wrote (54075)	9/20/2002 12:13:35 AM
From: John Madarasz	Respond to of 209892

I'm still completely neutral at this point, quite frankly I'm very content so far being almost 100% cash...so far. For the first time since March, the 10-day moving average of the QQQ put/call ratio is nearing the 1.0 mark (see chart), a healthy sign because it implies that sentiment is returning to more rational levels, rather than the "all calls, all the time" mentality we've seen for the past six months. The Dow Industrials (DJX) put/call ratio is also hovering in bullish territory. Pull up the current daily chart of the DJX put/call ratio and note that the 10-day average is right around the 2.0 mark. That's a positive sign for the Industrials. An investor who went long the Dow every time the 10-day average of the DJX put/call ratio fell under 2.0 and sold when the average rose above 3.0 would have pulled in a profit of over 21% (without compounding) over the past two and a half years, compared with a loss of 25% for a buy & hold investor in the same period of time. astrikos.com

To: mishedlo who wrote (54075)	9/20/2002 1:34:23 AM
From: Nancy	Read Replies (1) \| Respond to of 209892

Mish, wasn't it in april or may you saw a huge put positions in month ahead and made a "raddish" call ? but the huge put positions wound up completely offset by calls or disappeared ? and we ended up with a nassacre instead ?