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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: macavity who wrote (12408)	5/27/2002 5:24:43 AM
From: Steve Lee	Read Replies (1) \| Respond to of 19219

"the 21d ma of one of the p/c ratios has hardly moved over past weeks" I use the last 5 days of equity P/C ratios to look for shorter term swings - trying to get an idea where the market might go over the next 2 weeks. So it is a more jumpy indicator. It could be that the 21 dma is correctly indicating a longer term up move while the 5 days that I watch is correctly indicating a shorter term down move. I have watched equity P/C for some time but only paid close attention fairly recently so my conclusions might change. I will try to remember to post to you next time the 5 day P/C ratios seem to indicate short term bearishness. I guess this will happen some time within the next 21 days. Does Helene Meisler use the total (index + equity) P/C? If so, that could be another reason for discrepancy as I have not found any predictive value in the index P/C ratio so just use the equity ratio.