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The option traders are finally losing their optimism of last week and
Monday. The PSE has really gone negative followed by the AMEX. The
composite is sitting dead neutral at 0.51 but has a trend towards fewer
calls and more puts. Its at that bull/bear $ tugowar line now with equal
bets on both sides like you get at indicision points. Trins are neutral to
bearish this morning.
bobr
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