[RT] MKT - Exchange $C/$P ratios

["BobR" <bobrabcd@xxxxxxxxxxxxx>]

Now then Tuesday ends with the Exchanges's composite $C/($C+$P) ratio down
at 0.294 and the Bob Carver(MarketClues) OEX $C/$P at 0.53.  Those are
levels where prices have a tendancy to find support and after two days we
get a rally.  So, as vague as this sounds, the conditions are getting ripe
for that end of month positive seasonality to kick in.  Personally I like to
see the option traders get real negative prior to the price turn. On that
earlier chart of the rate of change of CV for the Nasdaq, it too is reaching
the level were it begins to ease off.  So, if this is pegged right, and the
powers to be agree, then the move should start on globex one of these nights
leaving the day investors to pay up.  One more day like today should do it,
but you don't always get the exact conditions desired.

bobr

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