Something different today for a change. Equity put call has been low all morning and holding steady.
It used to fly on every dip. And this morning during the first 30 minutes it was 0.48. And now holding around 0.6
There are quite a few signs of capitulation by the bears lately. That last 3 day rally must've done its job, even without reaching the new highs.
Now all we need is some steady errosion for a couple more days, and then we can finaly accelerate.
And now for something completely different.
Started by
ogm
, Jun 19 2007 10:22 AM
1 reply to this topic
#2
tommyt
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Posted 19 June 2007 - 02:25 PM
good observation, yes there is a change taking place, albeit slowly...the P/C's are not dropping off like before...but definately not what we normally see as any extreme..ISE 10d @ 127, extreme >170...CBOE 10d equity @ .61...50-.55 extreme...Inv Intell has finally bumped up to the mid 50's, where 58-62 normally good sell zone..
