It's now down to 1.7 or so--back into 'safe' territory. It's worth keeping an eye on. I think one day this indicator will lose it's power and Da Boyz will find another way to move an elephant without leaving track marks.
OEX P/C
Started by
Cirrus
, Apr 13 2007 01:09 PM
4 replies to this topic
#2
NAV
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Posted 13 April 2007 - 01:20 PM
It's now down to 1.7 or so--back into 'safe' territory. It's worth keeping an eye on. I think one day this indicator will lose it's power and Da Boyz will find another way to move an elephant without leaving track marks.
Does that mean they are done loading up the puts ?
DOW P/C is 7:1. Very very weird
#3
Cirrus
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Posted 13 April 2007 - 01:23 PM
Right now I'm wondering if we get a short sharp run into mid May and then a summer to fall 1998 style correction led by the financials. I'm gravitating to that scenario but trading the simplicity of the charts I see.
A 1998 style runup to new highs and then a sharp correction would perhaps give the Fed the environment they need to work in but just totally guessing here.
#4
OEXCHAOS
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Mark S. Young
Posted 13 April 2007 - 02:39 PM
QQQQ Nominal 3.21 $weighted 1.97
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#5
CLK
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Posted 13 April 2007 - 02:52 PM
They were sold to open this time.
