Zeev's Ideas

[Koikaze]

ZEEV, TECHNICALS - up to ZEEV:340024, 01/02/05

12/28: (338779) (*COMMENT*)
Z: Stock Charts shows an equity only p/c of .36 on the close...this is consistent with eoy readings in 2003. Lowest close in 2004 was .35 on 1/16/04 per Stock Charts.
(*END*)

The CBOE's number, which I have been following for years, is at .48, not yet a "run for the hills" signal, though getting extreme.


12/29: (338855) (*COMMENT*)

(Part 1)
Awww Zeev, what the heck is EPC? You're driving me cookieputz is what. Time to hit the hay or kick the hay.

(Part 2)
Equity (only) put/call ratio. When than number gets under .4 or so, you may want to shorten your exposure to the market. On the run we are in I expect this number to drop under .4, and then we may still have a week or two of rising prices, but the music can then stop any minute. At .48, we are getting close, but "no cigar".

(Part 3)
Any one know where daily EPC's can be found for the last two years ?
(*END*)

Go to:

http://www.cboe.com/data/mktstat.aspx

you'll find the current day's data and a calendar to chose any day's data. You may have to calculate prior years' EPC from data presented in an older format.


12/29: (339113) (*COMMENT*)
Zeev, are you still using the virgin EPC (backing out the QQQQ puts/calls)? If so, is there a different critical level for the virgin EPC or would that also be .40?
(*END*)

No, too much "work".


12/29: (339135) (*COMMENT*)
Wow, he equity/put call is about .8. Does looks like there's some fear and thus maybe not much "down" here??
(*END*)

Be patient, the end of January is still few eeks away...