Thanks Greg, the put call ratio is on CBOE, do not know if there is a symbol on YHOO.
Since some out there may not know what the hell a tick count is, a brief explanation may be in order.
The tick count is a measure of stocks sold on an uptick as opposed to a downtick.
-1000 is very bearish (fear)
-1400 is definite panic
+1000 is panic buying
The short term trend (SSTI for the NAZ, SHRT TRM TRD NDX for the Dow) is a ratio of declining vs. advancing issues and their associated volumes (I hope I got that right - someone correct me if I am wrong). At any rate when the Tick is very bearish, and money starts pouring in (the SSTI is under 1) that is usually a reliable buy signal. Keep buying or trading long, as long as the SSTI is under 1. The lower the better. This is all relative, -800 with the SSTI of .5 would probably be a great indicator. The higher the (negative) tick count and lower the SSTI, the more reliable the signal.
I have used this many times with good results. Not sure I explained it right, just know what I am looking for, a trick I learned from Zeev. When the market is sinking rapidly and you are looking to buy short term, this may help you find the day's bottom. If the SSTI is not there, just stay the hell out of it.
I did not buy today because although the Tick count was there, the volume buying did not appear to be. In a better market, that -1200 near panic tick count might have been enough in and of itself. Given these 15 minute rallies we have been seeing lately, I stayed on the sidelines.
The tick count will hit negative infinity as the the Naz approaches zero. There will be no buyers only sellers. Be on the lookout for it. Try not to be the only buyer on that day. LOL
Here is the link again.
quote.yahoo.com^vix+%5Etic.n+%5Esti.n+%5Esti.o&d=t |
