Live Update

Tuesday, December 22, 2009

12/22/2009 After Bell Quick Summary

The same as yesterday, CPC closed below 0.7 was not a good sign. And this time it’s even more suspicious because right before the close, CPC dropped sharply below 0.6. It was due to a huge index call transactions. Whether this guy bought this huge call to hedge his position (bearish) or he knows that the market’s going to rally really really big (bullish), depends on whether you have bull or bear eyes. Personally, I don’t know. I just know something big is going to happen. Tighten your belt!

 CPC5min IntradayVol

When CPC < 0.7, 9 out of 15 times (60%) a red day the next day. Well, I know it didn’t work well recently, but the point is 0.0.9 Extreme Put Call Ratio Watch. Pay attention to it tonight after 7:40 ET, I’m pretty sure a top condition was met AGAIN as both CPCI and CPC are way too low.

CPCWatch

blog comments powered by Disqus

Disclaimer

The information contained on this website and from any communication related to the author’s blog and chartbook is for information purposes only. The chart analysis and the market recap do not hold out as providing any financial, legal, investment, or other advice. In addition, no suggestion or advice is offered regarding the nature, profitability, suitability, sustainability of any particular trading practice or investment strategy. The materials on this website do not constitute offer or advice and you should not rely on the information here to make or refrain from making any decision or take or refrain from taking any action. It is up to the visitors to make their own decisions, or to consult with a registered professional financial advisor.

This websites provides third-party websites for your convenience but the author does not endorse, approve, or certify the information on other websites, nor does the author take responsibility for a part or all materials on the third-party websites which are not maintained by the author.