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

To: Chris who wrote (4343)	12/24/1997 7:22:00 PM
From: Just4fun2	Read Replies (2) \| Respond to of 42787

Merry Christmas Chris!!! Forever lurking... -Dave

To: Chris who wrote (4343)	12/24/1997 7:24:00 PM
From: bobby beara	Read Replies (1) \| Respond to of 42787

Your welcome Chris, The thing that strikes me, about the dramatic swing in put/call ratio is that sometimes the actions don't follow the sentiment immediately, when the switch is this rapid as some bulls may be in denial up until yet another support is broken and then end up panic selling into a slide. bwdik? Only two weeks ago there was a lot of talk about going to new highs and many bulls considered expiry Friday the sell-off that cleaned out the excess to go to new highs. Apparently it hasn't, as in noted by the recent days slide (especially MSFT - a daq and S&P kingpin) the S&P and the March futures as of now have broken a 944 support. bwdik? Also thinly traded markets are much less liquid and many of the short sellers may have covered on expiry Friday and are off on vacation, which further lessens the liquidity to prop a slide. bwdik? What do you think? Superbear Shuffle? -g- Feliz Navidad y Prospero Ano Nuevo