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

To: Chris who wrote (4326)12/24/1997 12:41:00 AM
From: Jan Robert Wolansky  Read Replies (2) | Respond to of 42787
 
Chris, I am interpreting it the same way as Richard, namely, the large amount of puts indicates that the options players are very bearish, which can be viewed as very bullish from a contrarian point of view.

Jan



To: Chris who wrote (4326)12/24/1997 12:52:00 AM
From: Richard Estes  Read Replies (1) | Respond to of 42787
 
Just didn't want incorrect information to mislead. The five year high of 1.23 came right before this leg of the biggest bull in history - 12/9/94. you expect low ratios at tops and high ones at bottoms. That is the contrarian thought.

I have ever been concerned about you.


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