exp system

[exp]

(REPOST of my post to mish)...frankly i am very surprised that not ONE but TWO key sentiment charts on vto are becoming unreliable...
first, equity and total p/c ratio has been adversely affected by monster qqq leap put positions:
http://vtoreport.com/sentiment/putcall.htm
this is best seen here:
http://www.schaeffersresearch.com/streetools/cboe_eqpcr.asp
which shows that cboe equity p/c ratio 21dma peaked around 2/24/03, a long time before the 3/12/03 bottom...

and second, the cot report has been apparently adversely affected by the exclusion of mini futures contracts:
http://vtoreport.com/sentiment/cot.htm
fortunately, this chart shows that commercials are extremely heavily short ndx and heavily short spx (as of 3/25/03):
http://www.marketswing.com/L3charts/CombinedCOT.gif