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Strategies & Market Trends : Contrarian Investing

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To: Return to Sender who wrote (1386)	7/26/2007 12:39:04 PM
From: pcyhuang	Read Replies (1) of 4080

re: CPC RTS: I am not sure that I understand fully what are really shown on your chart. Here's a current intraday reading on the $CPC. stockcharts.com Now, as Vernie has pointed out that the spike on CPC has to be proved by a subsequent series of CPC, none hiher than the first. Only these group of CPC together would indicate that the market has had a "capitulated selling" day. Now we have had two almost equally high CPC, could it be that this be the scond day of the capitulated selling and that the market is due for a rally on Aug. 1, as Vernie has predicted. Now the logic of a high CPC reading an indication of overly pessimism is that the market participants are agressively buying put options relative to the buying of call options in anticipation of a further decline in the market. Of couse, most often we cannot rely on a single indicator. At the moment, all our twelve indicators, except the CPC are on their respective negative mode. So our market posture is negative, unitl the majority of our indicators show that we should change. pcyhuang

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