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Strategies & Market Trends : P&S and STO Death Blow's -- Ignore unavailable to you. Want to Upgrade?

To: Steve Lee who wrote (12925)	10/31/2002 12:39:11 PM
From: exp	Read Replies (4) \| Respond to of 30712

STEVE, Jeff, Justa, Ajtj: FYI: This equity put/call ratio chart says top is likely NOT in yet: vtoreport.com Comment: Worrisome chart if one is short as it was right on the money the past 2 years identifying tops and bottoms. Especially compare the current level with the Aug 02 top. Could be wrong as it pertains to SPX only but it's hard to go against 2 years of reliable data. I would be interested in any comments on this chart as it seems to pinpoint intermediate-term tops/bottoms equally well as McClellan summation index or BPSPX and BPNYA.