ZEEV, TECHNICALS - up to ZEEV:363125, 02/27/05
02/24: (362287) (*COMMENT*)
(Part 1)
Wow, what's with the equity only put/call at .85. Why the sudden apparent fear? Is there something "else" going on besides just a little fear build up? Might we indeed be getting some sort of bottom or am I getting too excited about this one indicator??
(Part 2)
It is actually a pretty good indication here, we have not had this one that high either in the relapse to 2040 earlier this month, nor on the test of 2008 in January.
(Part 3)
Well, that's what I'm wondering out loud about. Now everyone is waiting for a test or break of the Jan lows and hence, getting very bearish. With monthly strength period starting and lots of automatic inflows into 401ks and the like over the next few days, maybe we have or are about to see a low...
(*END*)
Could very well be, if that number stays that way or even gets higher, that is a bullish sign.
02/24: (362484) (*COMMENT*)
(Part 1)
Do you follow CBOE only? I am puzzled by the big difference between high EPC on CBOE (bullish) and very low (about 0.45 and very bearish) all-exchange P/C.
I trust all-exchange P/C more.
Looks like a typical DCB, nothing more. All oversold readings are gone in one day.
(Part 2)
Where do you get the total EPC ratio, the CBOE now reports the "virgin" EPC, without options on the QQQQ.
(Part 3)
<Where do you get the total EPC ratio, the CBOE now reports the "virgin" EPC, without options on the QQQQ>
Quote.com is one source. Usually "all-exchange" P/C is not so different from CBOE P/C. But yesterday the difference was dramatic.
If you follow CBOE only, never mind.
(*END*)
Thanks.
