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Bobr,
Monday's NOW Index is + 1.97. This is the highest NOW on this side of the
market I have seen in years. Back in the 70s and early 80s, I used to wait
for a 2.00 or greater as my threshold. However, during the great bull
market bubble, the parameters seemed to shrink to the 1.50 level. So, I am
now watching to see if there is a new threshold level for the current bear
market.
Cheers,
Norman
----- Original Message -----
From: "BobR" <bobrabcd@xxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Monday, September 17, 2001 6:19 PM
Subject: [RT] Mkt - put volume ratio
> Not too surprisingly, put volume hit the deep threshold buy level of twice
> the ten day average.
>
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