Zeev's Turnips Patch-No Politics (ZEEV)

[Justa Werkenstiff]

Z: Okay, but my point was that you are not looking at a larger picture which the 21 dma captures. So while you might be right in your micro daily assessment, you can see the trend change toward less puts and more calls on a relative basis. Here, for example, in the equity only which is shown by the first chart:


http://www.vtoreport.com/sentiment/putcall.htm


Re: "Today, which was a mild downturn brought the equity P/C to .80, the same level it reached last week when we hit 1842, not extremely bearish."

So what. I could tell you all the days it was in the 60's the past three weeks. Yesterday it was .58 and we were at the same market level. But why bother? You get the picture with the 21 dma.

Scroll down and look at the second chart while you are at and you can see a change of trend as well.