The TradingEdge

[kiy]

$CPCE

Last chart is what I've always posted in the past $CPCE...all these charts are from Chart Pattern Trader...

http://stockcharts.com/c-sc/sc?s=$VIX&p=D&yr=0&mn=7&dy=15&i=p15822863480&a=219928094&r=365

http://stockcharts.com/c-sc/sc?s=$TRAN&p=D&yr=0&mn=11&dy=0&i=p32650624585&a=234071498&r=858

http://stockcharts.com/c-sc/sc?s=$UST&p=D&yr=1&mn=1&dy=0&i=p05726755230&a=185713865&r=679

http://stockcharts.com/c-sc/sc?s=$USB&p=D&yr=0&mn=10&dy=0&i=p09281360510&a=234780653&r=200

http://stockcharts.com/c-sc/sc?s=$CPCE&p=D&yr=1&mn=2&dy=0&i=p21550758779&a=198841945&r=683

http://stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=1&mn=0&dy=14&i=p21352271056&a=198771802&r=610

http://stockcharts.com/c-sc/sc?s=$CPCE&p=D&yr=0&mn=11&dy=15&i=p57366569924&a=203412687&r=379


The CBOE Equity Put/Call Ratio - A Contrarian Indicator:

Here the 21-day Bollinger Bands are used with two standard deviations above the 21-day MA, and two standard deviations below the moving average to better quantify the high and low points, allowing us to pinpoint new buy and sell signals from fear and greed extremes in the CBOE equity put/call activity. When the put/call ratio climbs above the 21-day upper Bollinger Band and then falls back below it, a peak in fear occurs and a buy signal is triggered.

A close below the lower Bollinger Band, followed by a return back above it suggests too much call buying. This produces a sell signal.

If there is a close above or below the bands, it signals an unusual event that should result in an important turn in the market once the indicator closes back into the band, marking a peak in fear or greed. Look for peaks of fear to form above 80 percent (.80 means 8 puts trading for every 10 calls) signaling market bottoms, while a move below 40 percent (.40 means 4 puts trading for every 10 calls) hints of greed and a market top. Again, it is when these extremes occur outiside of the Bollinger Bands that new signals are generated.