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Market Sentiment Alert for Tuesday, 10/13/4


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#1 TTHQ Staff

TTHQ Staff

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Posted 13 October 2004 - 02:09 PM

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Market Sentiment alert for Tuesday, October 12th, 2004
1  As the CashMarkets closetoday, ourDollar-weighted Put/Call Ratio ($wPCR) Engine picked the following stocks as good SHORTcandidates due to their BEARISH (very high $wP/C Ratio)reading:   
Symbol Name $wPCR Chart Reference
CCU Clear Channel Communications 37.5 $wPCR Chart
HPQ Hewlett-Packard 15.4 $wPCR Chart
FLEX Flextronics 9.0 $wPCR Chart




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:
Symbol Name $wPCR Chart Reference
WFC Wells Fargo 0.01 $wPCR Chart
BSC Bear Stearns & Co. 0.02 $wPCR Chart
FCX Freeport-McMoRan Copper & Gold 0.02 $wPCR Chart


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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