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Felix,
thx for elaborating. It seems that the value of this indicator is the 
eye of the beholder.
Gerrit
>   From my understanding,currently there's still complacency of general bullish
> sentiment  by the ratio indicator below,of w/c its not as safe to initiate long at
> these times....better when the value is higher meaning like Nov'97 or
> Aug-Oct'98,where/when the bearish sentiment is higher,price are more cheaper than
> now.
> 
> Felix
> 
> Gerrit Jacobsen wrote:
> 
> > Felix,
> >
> > can't see much of an leading indicator there. Please elaborate.
> >
> > Thx.
> >
> > Gerrit
> >
> 
> 
 
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