Re: [RT] Intra-day market activity

["BobR" <bobrabcd@xxxxxxxxxxxxx>]

By way of visual, the $C/$P and $C/($C+$P) at yesterdays close were
extremely bullish.  Generally it takes two days below 0.5 on the $C/$P or
0.3 on the $C/($C+$P) to squeeze a rally into existance.  One day will do
it, but if you get two days at or below those levels the call buying and put
selling gets the adrenaline flowing.  Since the public is reputed to be
mostly long calls or puts, the normalized ratio gives a decent picture of
sentiment, and as of yesterday it was quite contrarily bullish.  No, you
aren't splitting hairs, but its best to consider both the C and the P and
not exlude one half the equation, just like with the cumulated net volume.

bobr

----- Original Message -----
From: "Michael Ferguson" <wl7bdn@xxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Tuesday, July 17, 2001 11:24 AM
Subject: Re: [RT] Intra-day market activity


> Bob, what's of greater interest in this trendiness, put selling or call
> buying? They are interactive, but they have their own divergences. Right
now
> the put selling has reaccellerated, and call buying has slacked a little.
Is
> this cutting too fine a line?
>
> 13:24 CT
>
>
> ----- Original Message -----
> From: "Randall Kurzon" <rkurzon@xxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Tuesday, July 17, 2001 12:59
> Subject: Re: [RT] Intra-day market activity
>
>
> > Well we sure seem to be hitting overhead resistance. One of my
proprietary
> > oscillators says this move up will take a little break now- we'll see. I
> > show the next major resistance level at about 1220 and then at around
> 1225,
> > Friday's high. Anyone see a particular reason we should be stalling out
> here
> > (1214-15)?
> >
> > Randall
> >
> >
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