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Unfortunately, first impressions were that of earlier Demark books, i.e.
their software is required to implement the ideas. Demos of the software
were offered at their website, but the demo that was sent was not related to
the Options book. It was a very old demo and not updated with current
indicators, etc. So, I guess you could say I wasn't real happy with the
book, having bought most of the option books available, and was expecting a
revelation of sorts due to prepublishing press. One bit of potentially good
advice was to not buy an option unless it had just had a 50% drop, <grin>.
Sort of a contrary bit of advise that might be true on occassion.
BobR
----- Original Message -----
From: "Dick Crotinger" <dangle@xxxxxxx>
To: <bobrabcd@xxxxxxxxxxxxx>; <realtraders@xxxxxxxxxxxxxxx>
Sent: Thursday, March 30, 2000 8:01 AM
Subject: Re: [RT] Re: Index P/C Ratio
> 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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