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To: AllansAlias who wrote (43933)6/29/2002 1:22:54 PM
From: Killswitch  Read Replies (1) | Respond to of 209892
 
Of course, this is flawed, since the asset levels are affected by the market.

Yep, but interesting isn't it that even though both the Naz/SPX are higher than that 9/21 entry the asset levels are much more bearish now. The whole market seems to be leaning much more heavily to the short side of the see-saw at the moment. I wonder how much worse it can get?



To: AllansAlias who wrote (43933)6/29/2002 1:40:58 PM
From: CYC  Read Replies (1) | Respond to of 209892
 
AA,

Thanks for coming up with some interesting studies on the thread, including this latest gem. Am I correct in interpreting it as an indicator that we are coming close in time for a playable bottom?

I know you want to discuss MMM and PG. FWIW, I have puts on MMM, entered at 125. I missed PG puts by a dime or so when the stock was trading at 92 or so last week. I didn't chase it, which might be a mistake in retrospect. When MMM bumped up to 130 a while ago and a few tries later close to it but was unable to break through, it obviously needed some down to finish some structure or start a wave down. I don't know how to count the waves, but I am betting that it will fill the gap of 112-120.

BTW, you are such a fair and nice person that I don't think you need anyone to defend you for the misplaced accusation the other day. Many thanks for the free education that I am getting from the thread. Trade well. Cheers.



To: AllansAlias who wrote (43933)6/29/2002 9:46:01 PM
From: yard_man  Read Replies (1) | Respond to of 209892
 
query the differences from some starting point

or look at the rate of change

or the 2nd derivative

Does Bear.Forum cost anything to join??

The thing that sticks out for me from that data, is not so much the bearish extreme, but the "flatness" of it.

Doesn't the recent "flatness" imply more money (net) flowing to bull funds, since they are going down in value while bear funds are increasing in value, yet the ratio is staying rather flat (1.25 - 1.00) -- i.e. so many June dates in the top?

Really need a difference table to make anything out of it, I suppose.