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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: Matthew L. Jones who wrote (38470)	10/23/1999 9:13:00 PM
From: Patrick Slevin	Read Replies (1) \| Respond to of 44573

It's still hard to believe they have a live P/C ratio. I would think, perhaps, that it's a volume ratio. For example, if I bought a thousand puts @ 685 but sold 500 at 680 they would think that the ratio is skewed by 500 contracts. How could you really tell what the ratio is....if I'm a spread or (what's that word......) ratio backspread. That's the word. I think. If I'm Selling one and Buying three it confounds and confuses the numbers. Anyway, I follow the logic behind contrarian trading but sometimes it just does not work. Sophisticated Short Sellers are not in that bracket, I do not think. So the question is, is it Joe Six Pack who is buying the puts. Anyway, my focus tonight is on the World Series. I cannot believe these Met Fans I speak with. Not to dis the Braves....the Braves were the team to beat over the Mets. But most Yank fans wanted the Mets to win. Now you can't find a Met fan in ten that isn't rooting for the Braves. Chipper Jones and all, the Met fans just ....well. Okay. I have to go back to the television. I'm too caught up at the moment. EDIT You know what? I know some ex pit traders. I don't think the futures dropped because they were looking at the P/C/ ratio. I don't think the Futures traders, under the gun, are watching the P/C ratio. That's a real short term analysis of course.