CPC Put/Call daily chart shows a spike above 1.2. Finally the traders are showing signs of fear. Since this chart is a contrarian indicator, above 1.2 you want to think about going long, below 0.7 you want to think about going short. Thus, this type of spike up, and we do not know where it will close at, and the closing number is what matters, is indicative of forecasting that it is time to go long. CPC must close, however, above the 1.2 to reinforce this bullish attitude. That said, the markets remain a victim of the Japan news cycle. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here or any links connected to this information. Consult your finanical advisor before making any investment decision.
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