Zeev's Turnips Patch-No Politics (ZEEV)

[Garden Rose]

Bear, trying to get a handle on signficace of put/call ratio. In your post you say that if p/c ratio rises then have to abandon bullish, i.e., it's a bear indicator. I thought when p/c ratio was 1.7 it was bullish, when it goes to .68 it would be bearish. I need some insight, thanks. GR