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OK, Lee, here is a responce. Telescan did give the same ER numbers as Dial
Data for 10/20/97. It also gave a 38/62 WAL. My US will be different than
yours but the ratio is similar. Now then how will I use the ER rating as
an option trader? I would wait for the cycle bottom to be put in before
buying calls. Infact my puts were exited an hour and half before the close
on Friday 10/17. No way would I wait for a buy on the ER to exit puts, and
on Monday calls were taken for a ten point ride via the TAPEread3 chart
posted yesterday. As for Tuesday the volatility distribution and the Zone
timer have the market virtually flat, see amoss10/20 attachment. Also the
modified volatility indices have a propensity of making tweezer bottoms so
I will wait for more divergences to set in before taking this ER rating for
a longer trade.
At 10:50 PM 10/20/97 -0500, Lee Clayton DDS wrote:
> I'd sure like to know.
Attachment Converted: "c:\eudora\attach\djiaER1020.gif"
Attachment Converted: "c:\eudora\attach\amoss1020.gif"
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