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To: Susan Saline who wrote (7527)1/21/2004 12:29:17 PM
From: Return to Sender  Read Replies (1) | Respond to of 13403
 
OT: Caution may be in order here. Even with the selling today the put to call ratio remains on the low side. As do other measures of fear and complacency.

The put to call ratio has managed to run up over 1.0 every single time the market has dipped since this bull run began. Today it is only 0.61 and the 5 day sma is even lower:

stockcharts.com[h,a]dallyyay[dc][pd20,2!b5!b10!f][vc60]&pref=G

My indicators show a market that is still way overbought.

stockcharts.com[h,a]dallyyay[dc][pd20,2!b5!b10!f][vc60]&pref=G

Those inclined to go long are likely to get better prices ahead. RFMD I might be a buyer at 9.30 and WDC at 10.40.

Good luck to all. I reserve the right to be 100% wrong as usual!

Oh and Susan... congrats on the RGEN! Now moving up after being technically oversold!

RtS



To: Susan Saline who wrote (7527)1/22/2004 2:24:56 PM
From: Jan Crawley  Read Replies (1) | Respond to of 13403
 
OT

Siri, moving up suddenly.