Technology Stocks & Market Talk With Don Wolanchuk Message Board

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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk

SOXL 41.85

-6.9%

4:00 PM EST

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Fintas

Fiscally Conservative

From: Turtles_win	2/3/2014 8:03:13 PM
	2 Recommendations Read Replies (4) of 206804

The equity Cboe p/c ratio closed at .61 this evening. This is Very scary. .61 shows very little fear. That is what you would expect if the market was about break even. But on a down DJIA 320 day, you would expect to see a p/c of .85 or above. Preferably 1.00. But .61 ? What? More downside ahead. The typical oblivious "investor" has not even noticed the downtrend yet. Panic has not started to set in. Them's the facts, folks. It is highly unusual to see a good sized correction during this favorable season, but the market knows how to surprise. Notice the bonds soaring? Says weakness in the economy is going to be revealing itself in the near term. R2K bottom of 1000.00 would not surprise me. In fact, that looks PERFECT.

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