If we are in a bear mkt, we stay oversold and the put/call ratio reverses in importance. The norm should be favoring puts, when it shows too many calls.... we're overbought and it is time to sell.
contrarian indicators only work when one knows the primary trend.
-Lucretius
BTW- I don't anticipate a crash day. This mkt will likely just grind down week after week.
ALSO: what do you make of these:
Tuesday August 25, 4:11 pm Eastern Time
Nasdaq short interest down in mid-August
WASHINGTON, Aug 25 (Reuters) - Short interest in the 5,301 Nasdaq securities was 2.13 billion as of mid-August, compared with 2.15 billion in 5,399 issues in July.
Short interest in 4,077 Nasdaq National Market Securities was 2.08 billion, compared with 2.09 billion shares in 4,111 issues in July.
The August short interest represents 2.82 days of average daily Nasdaq Nation Market share for the reporting period, compared with 2.97 days in July.
Short interest in the 1,224 securities on the Nasdaq SmallCap Market totaled 48.28 million shares for August, compared with 61.47 shares in 1,288 securities in July. This represents 0.75 days of average daily volume compared with 1.24 days in July.
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Thursday August 20, 4:47 pm Eastern Time
NYSE mid-August short interest falls
NEW YORK, Aug 20 (Reuters) - The New York Stock Exchange said Thursday short interest for the month ended August 14 fell by 28.67 million shares to 4.1 billion shares.
The exchange said the short interest for the month ended July 15 was 4.13 billion shares. |
