I take it as an indication that there is getting to be too much
bullishness in the markets and that the best dirction to even
things out would be down. But, markets and always get more over
bought or sold, so just be careful of any longs and make sure you
have stops in place. The TTi I posted earlier shows that we are in
a pull back now, but as long as there isn't too much price
destruction then that will turn out to be very bullish over the
next month. Next Wed. we start window dressing bullishness that
will last till March 4th.
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$VIX & Put Call ratio
Posted by ditch on 22nd of Feb 2010 at 12:27 pm
Both the $VIXand the Put Call Ratioare showing too much complacency in the markets.
Ditch, is that an indication
Posted by sandlamp on 22nd of Feb 2010 at 12:36 pm
Ditch, is that an indication then that the market should go lower? Or higher? Or just an indication that the market should move?
I take it as an
Posted by ditch on 22nd of Feb 2010 at 12:42 pm
I take it as an indication that there is getting to be too much bullishness in the markets and that the best dirction to even things out would be down. But, markets and always get more over bought or sold, so just be careful of any longs and make sure you have stops in place. The TTi I posted earlier shows that we are in a pull back now, but as long as there isn't too much price destruction then that will turn out to be very bullish over the next month. Next Wed. we start window dressing bullishness that will last till March 4th.