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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Moominoid who wrote (40351)	5/31/1999 7:15:00 AM
From: donald sew	Read Replies (1) \| Respond to of 94695

David, >>>> This doesn't look very extreme: decisionpoint.com <<<< Take a look at the levels when the market started selling off last JULY. At that time the CBOE PUT:CALL ratio was at .58 and OEX PUT:CALL was at 1.10. We are right now at those levels. I am not saying that we will sell off like last JULY, but to show an example that those PUT:CALL ratios do not have to be at their extremes to start selling off. seeya

To: Moominoid who wrote (40351)	5/31/1999 8:04:00 AM
From: William H Huebl	Read Replies (1) \| Respond to of 94695

David, That is because the link charts show volume and not open interest. However, without the Barron's values, which I do not seem to be able to reproduce with CBOE stats, I cannot say whether we are truly at an extreme point. I DO know that before I got lazy and started using Barron's figures, I would add OEX, SPX etc OI put figures together to get the denominator and then use the equity call total for the numerator. Doing that NOW yields figures even exceeding the 40x1 I first posted!!! Bill