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Apr 14, 2004 1:00 am		VXO and P/C Ratio suggest a rally could be close
Melanie Hollands		Looking at the VXO and the Put / Call ratio suggests that we could be close to a rally. Once again the VXO has just signaled a buy signal by trading back above the 50 day MA. It might be a few days early, but a tradeable rally is coming. The track record of the VXO is nothing short of amazing. The Put/Call ratio also suggests that selling exhaustion coming - range of 83- 1.19 today. On top of the spiking VXO and high Put/Call, we're getting very close to another oversold indicator. We're currently having a > 87% down day. I understand that 90% down days are rare and signal an oversold market. Trin at 1.24 also confirming... I think I'm getting ready to do some buying. Cheers Melanie Private Reply to Melanie Hollands (new win)

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