Actually it was a reaction what someone else said suggesting that the high CPC could be ignored. My assumptions are based are far more than a single indicator. I expect a much higher spike on the volatility indices, much lower numbers on the BP Indices and a higher ratio of bears to bulls in the Investors Intelligence Poll before we get major bottom.
But that's all just an assumption.
I could be wrong.
BTW, I saw the BPNDX/CPC ratio on your chart.
Very interesting. If you have time post it all the way back to January 1, 2000. This ratio might be predictive in helping determine overbought and over loved markets on trips above 100 and oversold and over hated market below 40:
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