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Strategies & Market Trends : Longer-Term Market Trends -- Ignore unavailable to you. Want to Upgrade?

To: AllansAlias who wrote (1532)	7/31/2008 1:16:52 PM
From: rcksinc	Respond to of 3209

AA You are doing a great job with this thread, I hope you continue at least for a time. I posted this before and I think you dismissed it but I ask you to look at it carefully. I think it adds to the bullish case here based on past performance going back to 2006. As of yesterdays close we still sit with a bullish reading of 1.63 similar to the level when we bottomed in Aug of "07 with. The 1.55 reading when we bounced from 1200 was only achieved once before in the July '06 bottom.

To: AllansAlias who wrote (1532)	7/31/2008 1:30:22 PM
From: rcksinc	Read Replies (1) \| Respond to of 3209

AA The data is taken at days end from the CBOE. Here is the page and all my data is based on total Put/Call. cboe.com Yesterday we had total Open Interest of 12,408,326 Calls were 4,710,262 Puts were 7,698,064 Giving us P/C ratio of 1.634.

To: AllansAlias who wrote (1532)	7/31/2008 2:10:30 PM
From: Perspective	Read Replies (1) \| Respond to of 3209

Good point. I just figured the timeframe on this line was relatively short - we're talking about a line that connects only ten days of data - so the decision-making should be relatively quick. I would have expected a line built off fewer than 70 hourly bars to make up its mind within, say, 3-4 bars (5%). I guess it's still in that window. So would you trust a push one way or the other at the close? Or just wait until 10:30AM to read any decision? That's the problem with descending to this level of wiggles, but I'm basing the degree of my hedging for the next couple of weeks off the resolution of this wedgy mess. BC