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Strategies & Market Trends : Massacre on Wall Street -- Ignore unavailable to you. Want to Upgrade?

To: Cynic 2005 who wrote (18)1/26/1999 3:54:00 PM
From: Wildstar  Respond to of 92
 
MMV,
I remember reading a rule somewhere that went something like:

If the Dow sets a new high and then the NL > NH within 5 trading days subsequently, then a major correction has followed everytime. This happened back in August.

For me, if the Dow sets a new high on a day when NL > NH (which could happen soon), I will load up on puts.



To: Cynic 2005 who wrote (18)1/26/1999 4:14:00 PM
From: IceShark  Read Replies (2) | Respond to of 92
 
Well we may have made #1 in spades. Bob the PissAnt reported CBOE put/call ratio at .40 Ooops!


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