2007-3-20 2007-3-20 The public short sales (not shown below) are still extremely high, suggesting that the uptrend still has a great amount of room to grow.The first chart below has a 10 and 25 day exponential moving average of the total put/call ratio. The stock market generally tops with low readings in the total put/call ratio. You can notice that even though the put/call ratio has fallen the last six months it still has much more room to fall before we reach the area where a typical top would be.The second chart has a 10 and 25 day exponential moving average of the NASDAQ highs / NASDAQ lows. You can see that even though the indicator has risen since the August bottom, we are still at the relatively low level of 5. text/html 124173 http://www.nasdaqwizard.com/midweek120606.html 1.0 EN index,follow The public short sales (not shown below) are still extremely high, suggesting that the uptrend still has a great amount of room to grow. text