the P/C ratio's on the decisionpoint site are wild..especially the 10day CBOE @ 1.30..one of the highest we have seen in ages...the ISE is also showing extreme pessimism with the 10 day @ 1.04! I feel that the P/C aren't as reliable as before, cause there is so much buy stock and puts thing by hedgies and other funds. But, those are big numbers and have to be factored in...what do you all think?
P/C
Started by
tommyt
, Mar 07 2007 12:13 PM
2 replies to this topic
#2
Russ
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Posted 07 March 2007 - 12:36 PM
From a contrarian view wouldn't all those put holders having gone short the market be an indication that a rally could happen?
"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
#3
Rightfield
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- Traders-Talk User
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Posted 07 March 2007 - 01:20 PM
here is a 20 day $cpc ema with the SPX overlay for the full 11 years data i can get from stockcharts,
http://stockcharts.com/h-sc/ui?s=$CPC...id=p63772097331
the 20 day ema at a current reading of 1.17 is in record territory for the duration, and whenever this ema has moved in accelerated spike like fashion as it has recently, it correlated with either a very tradable or a very significant long term bottom in the SPX....
RF
http://stockcharts.com/h-sc/ui?s=$CPC...id=p63772097331
the 20 day ema at a current reading of 1.17 is in record territory for the duration, and whenever this ema has moved in accelerated spike like fashion as it has recently, it correlated with either a very tradable or a very significant long term bottom in the SPX....
RF
