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from Mike Drakulich...
"The OPEN 10 Trin today closed at the second highest, most oversold reading
in the past FIFTY years, that being todays Open 10 reading of 1.47. AFTER the
crash in 1987, it was 1.58. At THE low major lows in 1974 it was at 1.42 on two
days right at the lows. The simple 10-day is at 1.66, bell ringing. The Naz Open
10 is extreme at 1.49. And todays 1.07 CBOE P/C ratio is one of the top closing
readings since the major lows in Fall of 1988, and the 10-day CBOE P/C ratio is
at .81, second highest 10-day PC ratio since the Fall of 1998 lows! Highest was
seen at the recent Mar/April lows, around .85. "
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