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Wednesday, October 25, 2006 5:05:02 PM
CPC versus QQQQ on 3 Year Daily Chart. This chart will update. Watch the 5 and 10 day sma's:
The more days in a row the put to call ratio prints over 1.0 this the more likely a bottom will be a strong one. Trips above the green horizontal line may align with buying opportunities. Below the red line? That's a clear sell and it has not happened in years.
Closes of the put to call ratio sma's below 0.50 and sometimes a bit above are indicative of a short term top. Watch the simple moving averages as well because periods of too much buying of puts or calls will almost certainly bring about market bottoms and tops respectively.
The more days in a row the put to call ratio prints over 1.0 this the more likely a bottom will be a strong one. Trips above the green horizontal line may align with buying opportunities. Below the red line? That's a clear sell and it has not happened in years.
Closes of the put to call ratio sma's below 0.50 and sometimes a bit above are indicative of a short term top. Watch the simple moving averages as well because periods of too much buying of puts or calls will almost certainly bring about market bottoms and tops respectively.
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