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To: jjstingray who wrote (69268)	3/21/2003 1:05:27 PM
From: Shack	Read Replies (1) \| Respond to of 209892

Its interesting, we have a situation here where we have a 5 wave move up on the DOW. Is it really only the '1' of 'C'?? This is projecting much higher than we think if that's the case.

To: jjstingray who wrote (69268)	3/21/2003 1:13:18 PM
From: The Freep	Read Replies (1) \| Respond to of 209892

JJ -- we've had lower put call ratios plenty of times. I remember doing a post not long ago about equity only put/call closes under .40. They were daily in the bull market, and in the bear, one such day by itself didn't mean too much. String a few together and it matters. You just gotta ask yourself... is this a cyclical bull here? If so, the reading is totally meaningless. Also, it being expiry day and winners selling their calls for big profits... hard for me to read much into it. the freep