Posted 13 October 2004 - 02:09 PM
Market Sentiment alert for Tuesday, October 12th, 2004
1) As the CashMarkets closed today, ourDollar-weighted Put/Call Ratio ($wPCR) Engine picked the following stocks as good SHORTcandidates due to their BEARISH (very high $wP/C Ratio)reading:
2) And, our Dollar-weighted Put/Call Ratio Engine picked the following stocks as goodLONG candidates due to their BULLISH (very low p/c ratio) reading:
Please note that dollar-weighted put/callratio'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-daysettlement pressure on the market makers). Once you are in the trade, youshould monitor the up-to-date dollar-weighted put/callratio reading as confirmation of the trade's direction; or, in case of reversal ofthe dollar-weighted put/call ratio reading, as an exitsignal.
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