All Clowns Must Be Destroyed Message Board

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Pastimes : All Clowns Must Be Destroyed

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To: Lucretius who wrote (39181)	6/12/2000 2:17:00 PM
From: Crimson Ghost	Read Replies (1) of 42523

Don Hays says his P/C indicator still well above the level needed to touch off another big drop. " But rather than putting exact target levels, I will be watching the combination of the McClellan oscillator and the equity put/call ratio.ÿ The McClellan oscillator is now overbought, but that condition can remain for long periods, so now I am watching the 15-day average of the equity put/call ratio.ÿ I expect this to once again drop down in the low 40?s at the least, and more probably the high 30?s before the next bear market phase re-exerts itself.ÿ At today?s 47%, it is obvious that there is still plenty of the wall-of-worry from the recent decline to support more market advance."

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