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[RT] Re: Index P/C Ratio



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In a message dated 3/29/00 7:03:30 PM Pacific Standard Time, 
bobrabcd@xxxxxxxxxxxxx writes:

<< Anyone have an opinion on dollar weighted call to put ratios?  Lately,
 according to MarketClues, folks have been spending over $2.45 per call for
 each dollar of put.  Demark and son have a chapter on it in their book,
 "Demark on DayTrading Options".  This gives quite a different view than
 unweighted ratios.  Just wondering if anyone has done any comparisons of the
 two for significance in timing.
 
 BR >>

Hi Bob,...This is Jim Pilliod in Connecticut.  I too am a subscriber and 
daily 
reader of Bob Carver's Market Clues service.  Find his work to be well 
grounded but often differ with him on the interpretation of the Put/Call 
ratio.  
I do not know how he calculates his Dollar Weighted P/C ratio,...but I view 
it as 
secondary to the CBOE Unweighted, regular P/C ratio.  Just because I have 
been tracking the CBOE daily ratio for a longer time I guess.  DO you have 
this link 
for Bob's intraday dollar weighted P/C ratio. 
 
 <A HREF="http://198.78.148.10/cgi-bin/show_oexdwcpr?hist=yes";>Market Clues' 
OEX $-Weighted Call-Put Ratio</A> 
or...   http://198.78.148.10/cgi-bin/show_oexdwcpr?hist=yes 

See how the thing jumps all over the place from hour to hour...makes me sort 
of wonder.  I will write more about this later,..busy with other stuff right 
now.  Sorry this reply is rough and not well developed thought wise, rushed. 
Regards,  JIM Pilliod