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<< I would be curious to other RT'rs response to this post.
>
> Following is the Weekly CBOE Put/Call (P/C) ratio which
> is posted in Barron's each week....I have found that for the equity
market
> "over belief" or greed exists when the ratio falls to 0.34 or
> below,...and conversely..."over feared" levels are indicated w >>
I have noticed that a value of .32 or less for CBOE (equities only) when the
market is extended indicates a short term top is is close. When the market
is approaching the previous high from a correction, low values are less
significant. Also, IBD Put/Call ratio of .40 and less in an extended market
is also a good warning sign.
RayF
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