Except that I agree, we got about two weeks ago a reading under $.40 (though it might have been expiry related) and since then the ration (apart of today) has been all the time under 4.6 and even today, without the last hour swing of more than 100,000 pu contracts, it would have been close to the .5 level. That is one of many reasons I say and have said this market is dangerous and trey and go to sleep at 60% cash.
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