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

To: GraceZ who wrote (77960)	7/26/2003 2:06:09 PM
From: SwampDogg	Respond to of 209892

There are so many cross currents right now. Sentiment is just another indicator that works until it doesn't. I do not buy that argument that heavy put buying means that we have to go higher either. Large players realize that this market could turn on a dime and hedging is to be expected. If we spike higher even more puts may be bought. My feeling is that the put buying does not indicate any level of real fear in this market as it might in most cases.