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.
Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?


To: skinowski who wrote (123878)9/11/2005 1:03:03 PM
From: Shack  Read Replies (1) | Respond to of 209892
 
You recall that they were "right" earlier this year. Maybe things are not the same.

Their "rightness" has never been sustainable when they fight a trend. They sure aren't right as we speak given a better than 5-1 short/long position on the SPX while it is a couple of points from better than 4 year highs.

As for the P/C ratio I still find it useful to use the 10 day EMA of the all-exchange EPC which actually hit a bearish extreme (0.8) in late August.

I would be much more apt to buy into (or sell into as the case may be-g) the ED's out there if I didn't see these sentiment readings so out of whack. Unless we are going to crash of course.