Wednesday, November 17, 2010

Today's Sentiment Numbers

Over at the CBOE, the equity put/call ratio was 0.57, still lots of call buying for a market that is down 44 points (3.65%) from the peak on November 9.

Meanwhile, the ISE Sentiment index (ISEE) was 111, lower than yesterday but still leaning towards call buying.

All in all, traders are still way too complacent and bullish. Conditions are ripe for a crash.

AAII Sentiment will be coming out tonight.

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