Zeev's Turnips Patch-No Politics (ZEEV)

[Rick Louden]

Here is a plot of the total put/call ratio. Readings of over 1.25 as occurred today are typically very near good buying points. Also when the 4 day moving average hits 1.1 it has shown a real extreme that marks a buying opportunity and today's reading was 1.21.

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Really surprising how extreme the sentiment indicators are given the market really hasn't declined that much.

Rick