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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 690.270.0%Dec 26 4:00 PM EST

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To: Tom Pulley who wrote (83742)4/18/2003 1:53:52 AM
From: Jon Khymn  Read Replies (1) of 99985
 
Tom, How do you interpret put/call ratio?
What is the reason (or logic) behind this ratio and
what's the historical range?
How does it relates to the market index?

TIA

>>Not a good day today for my short position!

You can say that again, I am also under water.
But I've been waiting for "the final blow" of this 3 years of down trend.
And I think we are right at the edge.
Don't think the bears are finished, not just yet.

I am guessing 6 months of slow & painful downturn which will eventually touch Nas 900 before reverse its direction.
Next 6 month chart should looks like a nice big round basin...
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