Today was a pretty rare occurence for the disparity between CPCE and CPCI. Both readings came in at extreme levels, cpce way down @ .47 - only a few days like that in the past 6 months. But those were quiet days and the cpci was equally low. However today the CPCE came in @ just under 1.70
If OEX boys control CPCI and joe 6 pack controls CPCE the disparity is strong and the bullish sentiment for the small speculator is rather frothy.
ok, so the COT data was not convincing, what about...
Started by
rkd80
, Jun 15 2007 08:51 PM
1 reply to this topic
#1
rkd80
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Posted 15 June 2007 - 08:51 PM
“be right and sit tight”
#2
gorydog
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Posted 16 June 2007 - 02:18 PM
I don't trust this indicator on OPEX. Look at the COT, especially the ES (mini S&P). It suggests we blow through to ATH's. I am long utilities, short homebuilders and will load up on calls on everything else is we pull back on monday. I may load up if we don't pull back too.
GD
GD
