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Strategies & Market Trends : Galapagos Islands
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To: gypsees who wrote (4792)10/4/2002 11:47:28 AM
From: Jorj X Mckie  Read Replies (3) of 57110
 
:-)

Here is the SPX July comparison chart.

stockcharts.com[r,a]dhcaynay[pb50!b200!b30!b20][iub14][J7229246,Y]&pref=G

It is playing out almost exactly the same. If we close near the LOD, we will have three black crows.

However!!! the put/call ratio has diverged from the July setup. It is moving in the opposite direction on this move. This means that people are buying puts.

I believe that on Monday, we will diverge from the July setup to move the p/c ratio down.
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