Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

SPY 670.92

+0.1%

Nov 7 4:00 PM EST

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Oblivious

To: Seismo who wrote (108828)	7/27/2018 1:39:22 PM
From: GROUND ZERO™	1 Recommendation of 218585

You're right about that... and that chart was truly stunning, so closely correlated, it was actually shocking... Let's see if the similarity follows through with a deep decline beginning soon, or maybe starting today... The p/c ratio is now in the sell zone for the first time after being in the buy zone for 13 consecutive weeks... Nothing is perfect, we already know that much, but this ratio is remarkably reliable... if we close today in the sell zone, then I would believe that next week will see lots more selling... It's a weekly reading taken on Friday after the close and I'm including it into this evening's briefing... GZ

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