Hi Zeev,
<<<<Gottfried, if you want to use the P/C ratio, be careful, most services quote the total P/C ratio, including on indices, I find that a much better indicator if the "equities" only P/C ratio, I calculate this
directly from the CBOE site, only very important at turning points... typically, .42 and under, near tops, and 1.0 and over near bottoms.>>>
Let's assume for the sake of argument that I think that the market will open up tomorrow and then reverse sometime intraday to continue its inexorable plunge downward. In addition to the guideline that you list above (0.42 and under for equity P/C ratio), what other market technical indicators do you use to identify these intraday reversal points? Or if not market technical indicators, are there any stocks or index that tend to habitually forecast a change in tide? For example - gold equities turning upward.
Warp |
