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Market Sentiment Alert for Tuesday, September 14th


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#1 TTHQ Staff

TTHQ Staff

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Posted 15 September 2004 - 08:03 AM

Market Sentiment Alert for Tuesday, September 14th, 2004


1) As the Cash Markets closed today, our Dollar-weighted Put/Call Ratio ($wPCR) Engine picked the following stocks as good SHORT candidates due to their BEARISH (very high $wP/C Ratio) reading:


EMC Corp. (EMC) with a $wPCR of 14.9 (click for its $wPCR chart www.hamzeianalytics.com/charts/EMC.png),

General Motors (GM) with a $wPCR of 4.7 (click for its $wPCR chart www.hamzeianalytics.com/charts/GM.png),

Forest Labs (FRX) with a $wPCR of 3.7 (click for its $wPCR chart www.hamzeianalytics.com/charts/FRX.png);



2) And, our Dollar-weighted Put/Call Ratio Engine picked the following stocks as good LONG candidates due to their BULLISH (very low $wP/C Ratio) reading:


Pulte Homes (PHM) with a $wPCR of 0.03 (click here for its $wPCR chart www.hamzeianalytics.com/charts/PHM.png),

Lucent Technologies (LU) with a $wPCR of 0.04 (click here for its $wPCR chart www.hamzeianalytics.com/charts/LU.png), and

Boston Scientific (BSX) with a $wPCR of 0.07 (click here for its $wPCR chart www.hamzeianalytics.com/charts/BSX.png).



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Please note that dollar-weighted put/call ratio's forward-looking window is from one to three trading days from the signal day (why? in a capsule form, it has to do with 3-day settlement pressure on the market makers). Once you are in the trade, you should monitor the up-to-date dollar-weighted put/call ratio reading as confirmation of the trade's direction; or, in case of reversal of the dollar-weighted put/call ratio reading, as an exit signal.