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RealTraders,
Which direction are you trading for tomorrow? I will be traveling tomorrow...if not, I would have gone short on the Thursday's close. The CBOE put/call ratio is hanging on a sell signal. It finished the day at .40 and under .40 is a sell signal. The last 3 days it has been .40 , .44 and .47. Three consecutive days under .45 are a sell signal. Then there is the intermediate trend which I believe is still down. Finally, my Lizard/Wide Range Extreme Close ratio ( I discussed this indicator a couple of weeks ago) was signalling to go short on the close. This indicator has been very good of late at calling the opening direction...8 for 9 of the last signals with the trend. With the report coming out, it should be an exciting day. Hopefully, profitable as well.
Steve
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