PC Ratio increased from 0.4 to 0.67 in the last two day:
Edited by redfoliage2, 05 September 2020 - 08:01 AM.
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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.
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:
Posted 06 September 2020 - 01:28 PM
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.
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.