[RT] Intermediate / Longer Term Top? for S&P500.... (Weekly CBOE P/CRatio)

[Jpilleafe@xxxxxxx]

    I would be curious to other RT'rs response to this post.  

    Following is the Weekly CBOE Put/Call (P/C) ratio which 
    is posted in Barron's each week....I have found that for the equity market
    "over belief" or greed exists when the ratio falls to 0.34 or 
below,...and    conversely..."over feared" levels are indicated with readings 
of 0.60  

    I do not have a chart,...as my data is simply copied onto a 
    notebook page,...here are the values for the past 52 weeks...

        WEEKLY CBOE PUT CALL RATIO 
        (Barron's p. MW64 for 01-24-00 issue)

        date    P/C     S&P500      date    P/C     S&P500
        01-21    .39  1441.36                                   
        01-14   .34 1465.16             07-16   .40 1418.78
        01-07   .40 1441.49             07-09   .36 1403.28
        12-31   .38 1469.26             07-02   .33 1391.22
        12-23   .37 1458.34             06-25   .41 1315.31
        12-17   .35 1421.06             06-18   .39 1342.84
        12-10   .37 1417.04             06-11   .45 1293.67
        12-03   .39 1433.30             06-04   .43 1327.75
        11-26   .36 1416.62             05-28   .45 1301.82
        11-19   .35 1422.00             05-21   .40 1330.29
        11-12   .44 1396.10             05-14   .42 1337.80
        11-05   .42 1370.22             05-07   .39 1345.00
        10-29   .45 1362.93             04-30   .36 1335.18
        10-22   .37 1301.65             04-23   .36 1356.80
        10-15   .75 1247.41             04-16   .42 1318.78
        10-08   .45 1336.02             04-09   .37 1348.35
        10-01   .52 1282.82             04-02   .43 1293.77
        09-24   .54 1277.36             03-26   .44 1282.80
        09-17   .56 1335.35             03-19   .40 1299.29
        09-10   .44 1351.66             03-12   .45 1294.59
        09-03   .65 1357.16             03-05   .43 1275.46
        08-27   .43 1348.27             02-26   .45 1238.33
        08-20   .50 1336.61             02-19   .57 1239.16
        08-13   .53 1327.68             02-12   .43 1230.14
        08-06   .56 1300.33             02-05   .39 1239.39         
        07-30   .50 1328.72             01-29   .37 1279.64
        07-23   .48 1356.94             01-22   .38 1225.56

        Weekly CBOE Put/Call Ratio.....

        60:100 = 0.60   "Under believed".....implies fear
        30:100 = 0.30   "Over believed"...... implies greed

        Personally,...I view readings of 0.34 or less as potential
        intermediate term market topping alert.....likely within 
        1-3 weeks of top of importance.  

        NOTE:
        .33 reading 07-02 was within 2 weeks of 07-16 High
        .75 reading 10-15 nailed the 10-15 Low.     
        .34 reading 01-14 ?? potential High in my mind. 

        P.S. If anyone is aware of a url where a chart of the Weekly
            CBOE P/C ratio is posted I would be appreciative.

          Regards,  JIM Pilliod  jpilleafe@xxxxxxx