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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA
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To: Dexter Lives On who wrote (10547)2/17/2002 2:49:03 PM
From: Steve Lee  Read Replies (2) of 19219
 
"Were P/C ratios high at those times?"

Yep. Look at the data. PC ratios often stay high during a decline. Only start worrying about a upside backlash from a high PC when it has been consistently high for a while. Also, ignore the index PC ratio, just go by the equity options.
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