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


To: Killswitch who wrote (15022)11/7/2002 11:49:41 AM
From: yard_man  Respond to of 19219
 
often these spike right before a big decline -- but you are right that they bear watching <g>

many stocks falling below gaps today -- probably means at the very least a good reflex rally is coming at some pt. I think a higher high will result -- but it might not happen.



To: Killswitch who wrote (15022)11/7/2002 6:41:11 PM
From: mishedlo  Read Replies (1) | Respond to of 19219
 
Equity put/call numbers have to be freaking the bears out here... While there are many other bearish indicators popping up, this one is staying bullish.

Bullshit

PC ratio has been extremely call oriented for weeks.
The first turn is BEARISH not bullish as call buying has exhausted itself.

Look at OI
QQQ pain is 24
MSFT pain is 50
INTC pain is 15
CSCO pain is 10

Those targets likely to come close or hit within a week

M