Intraday post - Put/Call
Filed Under Market Commentary |
I must say, I am very surprised how bearish traders are. The CBOE Intraday Put/Call hit a whopping 1.06! We are in an uptrend!!! This number would be good if we were in a bear and just had rally of the lows. But, now? Just amazes me.
Too bearish right now. Emotional trading will get you hurt!
MktSpec
marketspeculator@gmail.com
Last 5 posts in Market Commentary
- Resistance is Proving to be Too Great for Major Indexes - August 19th, 2008
- Stocks Reversed from Highs in Lackluster Trade - August 16th, 2008
- Low Volume Rally as NASDAQ Retakes a Key Moving Average - August 15th, 2008
- We Are Severely Overbought and the Global Slowdown is Beginning to Show its Face - August 13th, 2008
- Proceeding With Caution, This Market is Shaky at Best - August 12th, 2008
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