SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Cymer (CYMI)

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Zeev Hed who wrote (21984)5/6/1999 8:11:00 AM
From: Mark Ivan  Read Replies (1) of 25960
 
>>As for the turnips, they have turned mostly because of
extreme put call ratio on the S&P and due to the resilience in the last few days of
the SOX.

Zeev,

Be careful. Yes the OEX Put/Call ratio is bullish, but look at the CBOE (equity) Put/Call ratio. It is bearish and getting more so.

decisionpoint.com

I too was thinking the Put/Call ratio was too high to support a correction in the market. But as Mohan pointed out to me, the CBOE Put/Call ratio signifies investor sentiment (Bullish right now), while the OEX is more professional fund managers hedging the lastest big run-up. Thus the Put/Call ratio may be indicating a correction coming.

The SOX is a differnet story and did indeed look like it signified a reversal yesterday.

Mark
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext