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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club

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To: Justa Werkenstiff who wrote (8811)	9/23/1999 10:17:00 PM
From: Bill Hermesmann	Read Replies (1) of 15132

The OEX put-call ratio closed today at .90. Very, very bearish under the circumstances. It was an even more severely bearish .83 yesterday. I have found this to be the best short term contrary indicator especially when compared to the SPX and Equity Only ratios. The decline will be officially over when the OEX ratio climbs far above the 1 level. The Baron's parameters on this must have been for a different statistical world.

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