[RT] Current Market Sentiment

["Norman" <nwinski@xxxxxxxxxxxxxxx>]

RT, 
 
   Here is both a trick and a 
treat. 
 
  The NOW index, my 
proprietary measurement of daily CBOE option sentiment, <FONT 
face=Arial size=2>shows as of today's close, despite the recent substantial 
rally, that the majority are still slightly BEARISH.  <FONT 
face=Arial size=2>The traders are fighting this rally all the way up.  This 
does not preclude the possiblity of a pullback, but it does strongly imply that 
in the bigger picture that this rally have a good deal more to go. 
Additionally, the extreme numbers generated near the bottom implies that 
this rally should be good for several weeks or more. 
 
Scarily,
 
Norman 






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