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Well, so how is the rest of Demark's book? The reviews on amazon are almost
universally 1s and 5s, not much in between. What do you think of it?
Dick
----- Original Message -----
From: BobR <bobrabcd@xxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Thursday, March 30, 2000 8:51 AM
Subject: [RT] Re: Index P/C Ratio
> Yes, I have the MarketClues links as I am on a trial with it. BMI used to
> have some $ stats on options until they started deleting data from their
> feed because of bandwidth problems. DTN still has some of the stats but I
> haven't evaluated them since I don't have that feed yet. One stat I did
> find useful until BMI droped it was the CBOE TRIN. That was quite
dramatic,
> perhaps too dramatic. Demark and son calculate the dollar weighted P/C
> ratio as Market Sentiment = (PutVol X Put Market Price)/(CallVol X Call
> Market Price). They do it intraday and end of day as does Market Clues.
> Demarks go even further and calculate a Dollar-Weighted Put/Call Ratio as
a
> percent of open interest. ref: pgs 100 103 of "Demark on Day Trading
> Options".
>
> Dollar -weighted Put Ratio as % of OI = (PutVol/Put OI) X Put Market Price
> Dollar - weighted Call Ratio as % of OI = (CallVol/Call OI) X Call Market
> Price
>
> Market Sentiment = ($ - weighted Put Ratio as % OI) / ($ weighted Call
ratio
> as % OI)
>
> Looks like a lot of busy work, perhaps for naught.
>
> BobR
>
> ----- Original Message -----
> From: <Jpilleafe@xxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Thursday, March 30, 2000 7:25 AM
> Subject: [RT] Re: Index P/C Ratio
>
>
> > 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
> >
> >
> >
>
>
>
>
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