Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (10466)	11/26/1997 9:45:00 AM
From: Jerry Olson	Read Replies (1) of 94695

Morning Bill Just one more indicator for your arsenal... I know you use the put/call ratio on Equities/Indexs...right now they are bullish...from a contraarian point of view... I'm playing the OEX, esp. since it split... On Nov 13th & 19th the put call ratio exceeded 0.60 both days...Bernie has seen a meaningful indicator when this occurs.. 5days-10days-20days-40days...The OEX return after the SECOND SIGNAL!!! increased 1.8%-4.1%-7.3%-11.7% in relation to normal volitility of 0.2%-0.5%-1.1%-2.1%....Bill that is a BIG divergence to the up side movement... What is basically being said here is that when the put/call ratio spikes on two days within a close range the OEX moves up much higher than normal... BTW FWIW, the consensus now is that FEAR-and the "Wrong Way" crowd are betting down big....IT AIN'T GONNA HAPPEN according to Bernie...too many puts and way too much bearish sentiment...it sets the market up for a BIG Rally here... Lets Rock & Roll guy, My Regards, Jerry

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