Anyone remember the trader on Clearstation S& P board, who invented "R3?" I don't remember why it was called that but it was a rule that when the put/call ratio was unusually high-- maybe it was over 2X as many puts as calls?-- that this was a straightforward Sell siganal, not a contrarian Buy signal as a high put/call ratio usually is. The idea was that when it gets that high, it's no longer the small players that are buying puts. It's the Big Playas. Does anyone know if the put/call ratio got that high before last Monday's big selloff?
The guy was one of the 2 or 3 most frequent contributors to the S&P board. Brilliant guy.
Oh, I think maybe his handle was Scamman, so named because the stock market is such a big scam, being as manipulated by the Big Playas & by Ben, as it is. Does anyone know if he is on an ihub board or on Kensey's board or anywhere public? Thanks.
