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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: John T. who wrote (41217)2/24/2000 10:04:00 PM
From: John T.  Respond to of 99985
 
CBOE Equity Only Put/Call Ratio = 0.3564 today. This indicates that traders are extremely bullish.

The general rule is that market bottoms are accompanied by high put call ratios. Market bottoms are marked by extreme bearishness. Everyone is betting that the market will continue down and they are buying puts. At the October, 1999 bottom the put/call ratio was at 0.9108. At the October, 1998 bottom the put/call ratio was at 1.0786.