Do you follow CBOE only? I am puzzled by the big difference between high EPC on CBOE (bullish) and very low (about 0.45 and very bearish) all-exchange P/C.
I trust all-exchange P/C more.
Looks like a typical DCB, nothing more. All oversold readings are gone in one day.
Here's what I find interesting:the semis(SMH up 14% since Jan 24th) are on FARKIN' FIRE,and we still are 140 Naz points from the high on Jan 3rd(2191.60).At this rate the SMH will have to go up another $12.45 to get the 4Qs back to the 40.50 area.<g>Don't see it,bwdik.
750 Zeev? What on earth would take the Naz to 750? Granville and PQ would have to fly from their respective graves first...and I'm not even sure they're dead.
I think just delayed. March is normally a volatile month and known for turns. SPX/DOW look likely to set blowoff tops while NDX looks to break up to maybe 1590 being accelerated on short covering. I think a fast move up and a faster reversal is in store. Perhaps then the indicators will register the extremes your looking for. I don't think such a trading range can be supported by the fundamentals looking forward a few months. BWDIK?
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