Equality P/C over .8. Really nobody believes this rally.
Amazing - CBOE P/C at 1.14
Started by
gti_99
, May 03 2007 09:55 AM
3 replies to this topic
#2
skott
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Posted 03 May 2007 - 10:35 AM
what readings are considered bullish and what would be a bearish reading?
#3
gti_99
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Posted 03 May 2007 - 10:49 AM
A am no expert on this so I'll let Roger or Mark help us, if they see this thread. "Usually" you see CBOE P/C over 1 on big down days, and the equality and OEX ratios are interpreted differently. By the way, now the 10:30 number shows .67, which then is about normal on an up day.
#4
OEXCHAOS
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Mark S. Young
Posted 03 May 2007 - 04:32 PM
A am no expert on this so I'll let Roger or Mark help us, if they see this thread. "Usually" you see CBOE P/C over 1 on big down days, and the equality and OEX ratios are interpreted differently. By the way, now the 10:30 number shows .67, which then is about normal on an up day.
I don't use them intra day, I look at the $-weighted P/C's during the day. That said, a CBOE above, say 1.25 on an up day is Bullish (sort of), but on weakness, I'd like to see it above 1.5. Even then, I use this as more of a general indicator. It's not reliable in and of itself.
Mark
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