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Strategies & Market Trends : John Pitera's Market Laboratory

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To: Don Green who wrote (20121)	10/11/2017 10:38:27 AM
From: robert b furman	4 Recommendations Recommended By Don Green John Pitera nicewatch The Ox Read Replies (2) of 33421

Hi Don, 2cs is a calculation taught to me by Tom Drake (Dos Pesos). Here is the calculation: t is the product of the put call ratio times the VXO then added together for a rolling 5 days. It was shown to me by a gentleman who learned it from a commodity trader. It is an old timing assist. It is not by any means perfect - but I find it helps filter out the fear and noise that is so often out there. Mid thirty is a very low number and a short term top that will roll over. 110 - 120 is scary bearish bottom and due a bounce (if viewed within an impulsive up wave). 140-150 can be a bearish bottom of declining corrective wave within impulsive up wave. Really bad major bottoms can get to 230 - 250s the numbers can both be found at this link: cboe.com I have done it for years and find it helpful. Bob

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