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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?


To: Zeev Hed who wrote (8287)11/27/2001 3:37:37 AM
From: MSI  Respond to of 99280
 
Nah, Taiwan comes in second

the good ol' USA has THE BEST politicians money can buy ...

Actually, you don't even need to buy them, you can rent them reeaaal cheap



To: Zeev Hed who wrote (8287)11/27/2001 7:26:36 AM
From: ajtj99  Read Replies (1) | Respond to of 99280
 
If wish I knew. It seems lately when the US goes up on fumes, Asia tends to sell off the next day (last Monday was the same thing).

I think we get 2, maybe 3 down days before end of month/beginning of month buying kicks in again. We may have a long topping process here that is not necessarily great in its advance as much as length of time it encompasses.



To: Zeev Hed who wrote (8287)11/27/2001 8:16:09 AM
From: orkrious  Read Replies (1) | Respond to of 99280
 
Posting at 2:15 am? You must be practicing your card counting, preparing for your battle at the blackjack tables. <G>



To: Zeev Hed who wrote (8287)11/27/2001 10:44:07 AM
From: anon  Read Replies (4) | Respond to of 99280
 
Zeev, remember all those djx puts the smart money bought yesterday? maybe they knew something. -g-



To: Zeev Hed who wrote (8287)11/27/2001 12:50:52 PM
From: orkrious  Read Replies (1) | Respond to of 99280
 
Zeev, thoughts on this? The guy writes for TSCM.

Jay Shartsis
PUT/CALL RATIOS
11/27/01 12:20 PM ET
Here are some specifics in the put/call complex that should be considered now. Perhaps the most commonly used put/call ratio for the broad market is the volume based equity ratio which simply compares total call volume to total put volume. Much less well known is the "dollar-weighted" put/call ratio (and harder to access, only me and 2 other very high priests know how to get it). I haven't seen any studies that tested its historical accuracy against the volume based ratio but in my experience it is the better. Actually when the volume based and dollar-weighted are both speaking in concert, all the sronger signal. Presently the "dollar-weighted" equity put/call ratio is running near .75 on a 21 day moving average. This is the lowest and most bearish reading since the .70 recorded in September 2000, right before a big market retreat. That's 70 cents in puts traded for every $1.00 in calls.

At the two prior tops of signifiance seen this year this ratio was at about $1.00 in February and about .98 in May. The current .75 is therefore to be respected and is a big reason for my defensive stance here. The traditional volume based equity put/call ratio is now just above the level seen in May and February of this year, so it is not as bearish as the dollar-weighted ratio, but its getting there