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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Ilaine who wrote (39005)12/10/1998 7:02:00 PM
From: Lucretius  Respond to of 132070
 



To: Ilaine who wrote (39005)12/10/1998 7:03:00 PM
From: Lucretius  Respond to of 132070
 
w/ a ratio that low it means everyone is MUCH too bullish (buyin too many calls) And on a day that the DOW sells off 167 points? Shows that people are bullish to ludicrous levels. Such sentiment historically precedes crashes. All in all, it means lots of shares left to be sold.



To: Ilaine who wrote (39005)12/10/1998 11:07:00 PM
From: Copeland  Respond to of 132070
 
It's a contrarian indicator, much like those surveys on how bullish people are. Generally when it's low, the market is overbought.



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