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Strategies & Market Trends : Classic TA Workplace

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To: skinowski who wrote (50333)	8/16/2002 11:10:11 AM
From: Paul Shread	Read Replies (1) of 209892

From Astrikos - yesterday was the lowest QQQ P/C close since December 18: On Thursday, the QQQ dollar weighted put/call ratio closed at a very low .22, a short-term negative indication for the Nasdaq. Historically, unusually low dollar weighted ratios have preceded a one-day drop in the Nasdaq. Of the last ten instances in which we've seen a QQQ dollar weighted ratio at .50 or less, the QQQ has closed lower the following day in every case but one... 08/15/02 QQQ $pc .22... QQQ ??? next day 07/15/02 QQQ $pc .44... QQQ -1.5% next day 05/30/02 QQQ $pc .41... QQQ -1.6% next day 05/08/02 QQQ $pc .50... QQQ -2.6% next day 03/21/02 QQQ $pc .31... QQQ -0.9% next day 03/19/02 QQQ $pc .40... QQQ -3.5% next day 03/11/02 QQQ $pc .36... QQQ -1.4% next day 03/08/02 QQQ $pc .40... QQQ -0.4% next day 01/02/02 QQQ $pc .29... QQQ +3.5% next day 12/18/01 QQQ $pc .21... QQQ -1.8% next day 12/06/01 QQQ $pc .42... QQQ -2.7% next day

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