Antother massive 2 day spike. The problem is that it's OPEX. If this spike happened late next week I would be really open to an IT correction. I guess we'll have to wait to see what actually does happen next week.
The type of spike we're seeing in the ratio now on the 5-day a soon to be 10-day MA's has been one of the best tells of an IT top since this bull starte in late 02. It's even worked before that. The ONLY failure was the spike from late Aug 06. It marked a market pause and that's it. The market is now much further along so things will be interesting. Again, today is OPEX so ya never know.
Everyone have a great weekend.
OEX P/C
Started by
Cirrus
, Jan 19 2007 02:26 PM
3 replies to this topic
#2
.Blizzard
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Posted 19 January 2007 - 02:36 PM
Could you post a chart?
TIA
#4
.Blizzard
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- Traders-Talk User
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Posted 19 January 2007 - 02:54 PM
Could you post a chart?
TIA
This is as of yesterday.. but you can go to the link below for today's value.
CBOE
Thanks for the link
I found this one....extremely overbought!
Edited by .Blizzard, 19 January 2007 - 02:56 PM.
