CPC Put/Call Ratio Daily Chart

Keystone has posted this chart since late January highlighting the low 0.7's numbers that mark a significant market top.  It took a couple months to roll over but the correction finally arrived. Note that price is now above the 10 MA which is above the 20 MA which is above the 50 MA. This is bullish for CPC moving forward with higher numbers expected, which corresponds to further broad market selling.  Despite the April selloff thus far, however, the CPC has yet to move above the 1.10 level and has not achieved that level since last year.  This continues to signal that traders remain bullish overall. In fact, if the broad markets continue with this recovery rally that started yesterday, 4/11/12, the CPC may drop back down to 1.0 or lower and simply extend the time that it will take for markets to selloff. As a rule of thumb, the broad indexes will continue lower until the CPC prints 1.2 or higher.  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 decison.

Note Added 4/12/12 at 6:40 PM:  Big market rally today continues the initial up move yesterday, on the Bradley turn date by the way, and results in a CPC print this evening at 0.86, thus, the move down occurs as described above.  The broad markets will not finish the downside selling until a print of 1.2 or higher occurs, whether it happens by next week, or whether it happens over the next month or two.