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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: Win-Lose-Draw who wrote (130799)	3/16/2006 8:04:12 PM
From: skinowski	Read Replies (1) \| Respond to of 209892

Got the answer... It's not a straight stock/bond ratio, of course. He uses a lookback period, and what is being charted is the degree to which the ratio at any given time deviates from its average during the lookback period. In other words, in effect this is a proprietary indicator - which fact you were first to notice, at least in public. To me the interesting thing is that extremes - like this current spike - tend to remain sharp... and reverse.