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We looked at some put/call ratios the other day and thought you might like
to have a peak at this one. It is a spread of (summation(total put vol,5))
/ (summation(total call vol,5)) where total is the sum of the cboe equity
and index volumes posted on their website each night. Sure would be nice of
the good DROEX if he would see to it that we could download some history of
his data in a long multiyear file. Point of interest on this chart is when
the ratio drops below 0.5 the market goes into a consolidation or
correction.
BobR
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