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Sorry, the first charts contained incorrect plot for the SP.
Earl
----- Original Message -----
From: "EarlA" <earl.a@xxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Tuesday, January 07, 2003 5:05 PM
Subject: [RT] Put Call Ratio
> Bob, I've never been able to get much from using P/C as a timing indicator
> but I keep looking. I gave your formula a spin. Attached Daily and 60
minute
> charts are from QCharts:
>
> Black: QC:CallVal /(QC:CallVal +QC:PutVal)
> Blue: S&P Close price
>
> I don't see a strong correlation between tops and bottoms in the P/C and
> S&P. Am I missing something here? Is there more to using this than simple
> matching extremes?
>
> Earl
>
> ----- Original Message -----
> From: "BobR" <bobrabcd@xxxxxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Tuesday, January 07, 2003 3:50 PM
> Subject: Re: [RT] setups
>
>
> Good observation and good question. Sentiment has been something I've
> worked on to better pick the trades than time and support/resistance and
to
> add positon trading to the daytrading activity. Here is one chart that
> might answer your question about sentiment from a contrary point of view.
>
> Another short setup occurs when the dollar weighted $C/($C+$P)
composite(red
> line) reaches the 0.7 to 0.75 level as it did late on Tuesday. Such a
level
> can represent too much bullishness, or the end of bullishness if it occurs
> at the end of an uptrend. In either case it increases the odds of
> consolidation and or price erosion in the near future. This level comes
> after a less than 0.25 ratio low on 12/27. This also completes a 6 day
> runup in call premium and rundown in put premium. Such high levels are
seen
> at index high pivot points. Its just kinda comforting to know what the
> environment is.
>
>
> bobr
> ----- Original Message -----
> From: Kent Rollins
> To: realtraders@xxxxxxxxxxxxxxx
> Sent: Tuesday, January 07, 2003 2:22 PM
> Subject: Re: [RT] setups
>
>
> I've seen many, many people drawing head-and-shoulders formations
> (non-inverted) on daily charts of the last month or so. Not just in
this
> forum but also on free and pay sites. Aren't H&S formations supposed to
> be
> topping formations, not intermediate bear market formations? And if
those
> same people tried, could they find and inverted H&S formation on the
> current
> daily/weekly charts? What does this say about market sentiment?
>
> Kent
>
>
> ----- Original Message -----
> From: "BobR" <bobrabcd@xxxxxxxxxxxxx>
> To: <MedianLine@xxxxxxxxxxxxxxx>; <realtraders@xxxxxxxxxxxxxxx>
> Sent: Tuesday, January 07, 2003 2:19 PM
> Subject: [RT] setups
>
>
> OK, this is the setup I am looking at for a long exit/short entry.
Today
> marks the 4th day of a positive NDX net percent up down volume (up -
> down)/total. A lower high on the 4th bar of a 4 bar set with a higher
> high
> on the NDX may be a prelude to a down day the next day...at least that
is
> the thesis being examined. Perhaps it is reinventing the wheel, but
> discovery sure is fun as is the journey. I had an options system that
> could
> quintuple the account in 5 weeks of OEX trading. It was so boring I
quite
> trading it, |;-) .
>
> bobr
>
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Attachment:
Description: "PutCallVsSp60.gif"
Attachment:
Description: "PutCallVsSpDaily.gif"
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