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To: ajtj99 who wrote (127754)	1/6/2006 3:17:14 PM
From: sammy™ -_-	Read Replies (1) \| Respond to of 209892

RE: That SPX/NDX ratio didn't work well in 2003 either: stockcharts.com[w,a]wacannay[df][pa1.35!f]&pref=G please, explain how u read this ratio

To: ajtj99 who wrote (127754)	1/6/2006 4:00:51 PM
From: the-phoenix	Respond to of 209892

Maybe it did and maybe it didn't, AJ. If you pegged it at 1.38 as an extreme value in the 4th quarter of 2003, would you have caught some short-term tops ? I don't know and I don't care to do the research. As I posted to WLD, the absolute level of the ratio is of only secondary interest to me. I just happened to notice it was in what would generally have been a topping area over the past two years. I by no means think we are near a top of more than a few days duration right here.