Saturday, August 14, 2010

Golden 5: Sentiment: Put/Call ratio


CBOE and ISE Equity Option Call/Put data tell the same story that...
  1. the Market has flipped to the downside
  2. the last High was weak (halfway through the range)
  3. there is lots of space to cover/ run through on the downside
  4. structurally a weak follow on high usually acts as kick off

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