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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 689.100.0%Jan 23 4:00 PM EST

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To: Paul Shread who wrote (46380)4/14/2000 10:46:00 PM
From: bobby beara  Read Replies (1) of 99985
 
<<<put-call ratio of greater than 1.0 usually signals a bottom. That tells me we have one more day like today>>>

that is recent market history, which may not be valid if we have made a major bull market top, historical put/call ratios have been much larger at bottoms of markets as recent as the 1994 bottom, we are in an era of unprecedented bullishness.

i believe the commodity like spike the in spx from the march bottom was a blow-off top.

b
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