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To: wlheatmoon who wrote (14860)	1/22/1999 8:42:00 AM
From: Cynic 2005	Read Replies (1) of 86076

Mike, the last time P/C ratio was below 0.5 for a while was in 1989. decisionpoint.com Even in 1994's stealth bear it didn't go below 0.6 for long. decisionpoint.com The current chart is a suspect as it just shows a minor breach of 0.5 level in Jan 1999, which I know is not the case. In December it breached 0.5 for two days (as far as I can remember) and in January at least there are 5 days in which it was near 0.42. decisionpoint.com

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