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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Paul Shread who wrote (49105)	5/6/2004 1:17:05 PM
From: dennis michael patterson	Respond to of 52237

My screen looks like the inside of Good Humor Man's truck. Things are barely moving

To: Paul Shread who wrote (49105)	5/6/2004 1:34:13 PM
From: dennis michael patterson	Respond to of 52237

Steven Smith Early Options Action 5/6/04 11:18 AM ET Active trade in the Nasdaq 100 Trust (QQQ:Amex) May put option, with the focus being on the $35 strike, is helping send the overall put/call ratio up to 1.07, its second consecutive day of an intraday reading above 1.00. This is a sign we are feeling some sense of panic, and the oversold readings may be closing in on buy signals. Also, we see the VIX has jumped some 8% this morning to 17.20. In itself, this is short-term bearish, but a reversal off of this spike up would mark the placement of a short-term bottom. This action may coincide with my belief that we should see a retest of the 1090 in the S&P 500 Index.