MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: Steve Lee who wrote (14153)	8/9/2002 1:21:42 PM
From: russwinter	Read Replies (1) of 19219

Nova/Ursa compared to what? Go back and enter 1999, and you will see the ratio was over 50-60 for an eternity. schaeffersresearch.com The ten day average right now is about 36, I hardly call that bullish sentiment. Extremes like the 25 we saw in late July are rare, so to just stay exposed on the long side when you have those extremes misses the point and the opportunity. We kick up to 45, I'll get concerned. Throw the PC ratio into the mix as well: Message 17847160

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