Replies to post #50099 on Zeev's Turnips Patch-No Politics (ZEEV)

[DlphcOracl]

I noticed the same thing regarding the VIX. It seems as if it bounced from yesterday's low of 26. I wonder if this isn't a harbinger of a blow-off top, with Nasdaq topping out in the 1500-1535 range. Similarly, the put/call ratio hit a low reading of .63 yesterday, near the level which usually signifies a top.

[limtex]

Guess you also favor the short side!! Loads of shorts.

L

[plexxus]

Sounds like climbing the wall of worry behavior...note the spike also in the P/C on every normal selloff such as was seen during yesterdays action. Tells me we likely have a ways to go and I think the 200 day on the Naz will be taken out in short order.