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Hello everyone,
This is the 3rd time I've tryed to send this and it can't seem to find
its way to the forum.
Joe Frabosilio
Message-ID: <362138B9.70E896E7@xxxxxxxx>
Date: Sun, 11 Oct 1998 18:01:14 -0500
From: Joe Frabosilio <joe6964@xxxxxxxx>
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To: realtraders@xxxxxxxxxxxxxx
Subject: MKT: Indicators IBD
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Hello everyone,
Below are some indicators that are found in Investors Business Daily
newspaper. They are suppose to give general timing ideas of when to get
into the market and when to get out.
Ratio of Trading Volume In Puts versus Calls, on Friday 10/9/98 the
number was 1.11( a bullish sign) the 5 year high 1.23(12/9/94) low .38
(8/6/97)
For Mondays paper the Put versus Calls drop like a rock to .67, ( a bear
signal or neutral).
The other signal that I'd looked at was Public/NYSE Specialist short
sales (above .6, bullish; below .35 bearish) On Friday it was reading:
1.00 ( 5year high is 2.25, low .56). On Monday reading .98
The idea here is when the ratio is high Specialist have not undertaken
many short sales-the market is likely to move higher. When the ratio is
low Specialist have large short positions.
Another one is the % Investments Advisors Bullish and Bearish
For Bullish:38.5% (5year high 56,low23.3)
For Bearish:42.7% (5 year high 59.1,low22.6)
The idea with % Investments Advisors is when a high % of Advisors become
Bearish, an investor should become bullish.
Trade Well,
Joe Frabosilio
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