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Bullish - Significant Change in PC Ratio in the Last Two Days


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#1 redfoliage2

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Posted 05 September 2020 - 07:59 AM

PC Ratio increased from 0.4 to 0.67 in the last two day:

 

https://stockcharts....id=p05629810979


Edited by redfoliage2, 05 September 2020 - 08:01 AM.


#2 redfoliage2

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Posted 05 September 2020 - 08:16 AM

Rumor said that the extremely low PC ratio was the cause for the sudden selloff before a long weekend .............................


Edited by redfoliage2, 05 September 2020 - 08:17 AM.


#3 tsharp

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Posted 05 September 2020 - 12:27 PM

It needs to hook back downward sooner than later, or there may be more to this decline than just an ST pullback:

 

1-year:

 

SPX-D-CPCE-1-9-4-20.jpg

 

2-year:

 

SPX-D-CPCE-2-9-4-20.jpg



#4 tommyt

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Posted 06 September 2020 - 01:28 PM

PC Ratio increased from 0.4 to 0.67 in the last two day

Cmon, that's not a significant increase. It came off some ridiculously low levels is all. Call a spade a spade.

#5 CLK

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Posted 06 September 2020 - 02:08 PM

No matter what you look at, after the turn, there is no way to know future price direction or magnitude

from that point on. You either sell and go 100% cash or hedge. Unfortunately, I went 100% leaps off the March lows, so they underperformed TQQQ by at least 50%, now If I sell all and it goes up I never make what I had planned, last week, they had just started moving good, account was up about 10% per day, then it topped.



#6 CLK

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Posted 06 September 2020 - 02:19 PM

Almost a full key reversal in VX, stocks likely rally this week.

 

https://invst.ly/s1d4u



#7 Dex

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Posted 06 September 2020 - 02:26 PM

Almost a full key reversal in VX, stocks likely rally this week.
 
https://invst.ly/s1d4u

Possible sell
https://www.optionst...m/weekly-charts
"The secret of life is honesty and fair dealing. If you can fake that, you've got it made. "
17_16


#8 redfoliage2

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Posted 06 September 2020 - 05:20 PM

PC Ratio increased from 0.4 to 0.67 in the last two day

Cmon, that's not a significant increase. It came off some ridiculously low levels is all. Call a spade a spade.

This is PC ratio, not SPX.   This change is a lot using the ma50 as the reference.  The market consistently mounted a reversal at this point since April as shown on the daily chart .................


Edited by redfoliage2, 06 September 2020 - 05:24 PM.


#9 redfoliage2

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Posted 08 September 2020 - 02:06 PM

The market going to crash?