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To: orkrious who wrote (73436)5/10/2003 10:17:16 AM
From: JRI  Read Replies (1) | Respond to of 209892
 
Naked puts jacking up the ratio...now why didn´t I think of that...



To: orkrious who wrote (73436)5/10/2003 1:29:43 PM
From: nspolar  Read Replies (1) | Respond to of 209892
 
ork, I follow those parameters. Imo they are acting like they want to do something of significance, but it isn't obvious they yet have.

DPoint plots the 10 dma of the OEX PC ratio. It is rapidly increasing at the moment, but is not yet in the significant zone.

RE <Presently Tom McClellan points out that the ratio is at its highest and most bearish level since January 2000.>

According to DP data this just ain't so. A high number would 2 or even higher. Maybe we ain't comparing apples to apples here, don't know for sure.

We did have a minor inversion recently.

decisionpoint.com

Since that chart the OEX 10 dma decreased to a low number, is now increasing again.