Monday, October 13, 2014

CPC Put/Call Ratio Signals Fear and Panic to Create Near-Term Market Bottom

The CPC launches higher today to levels not seen since 2011 and 2012 when notable market bottoms were placed; the 1.53 level shows very strong and rampant fear in markets. Before today, traders remained sanguine over the market selloff. That changed as equities fell late day and long traders began throwing stocks overboard indiscriminately. Some traders jumped out of windows but fortunately they were on the first floor.

The high put/call ratio is consistent where a market bottom should occur. S&P futures are +10. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.

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