dereckcoatney

The Put to Call Ratio Is Screaming: "Top" (Again)

Long
USI:PC   PUT/CALL RATIO
Just a few numbers for you. The green vertical lines are the two lows on the 50-day moving average. On February 21, that average printed 0.752. Today it printed the lowest day since that day, 0.744.

Today's actual, not-averaged number, was 0.583, the lowest day since June 8th, which was our last big pullback.

So, we have four numbers and three tops: February and June each showed their own signs, and now we are showing each of those two signs.

In the spirit of the dangers faced by Corporal Hicks and his companions, I will quote him: "Stay frosty."

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