Wednesday, January 19, 2011

Watch Out: HUGE Call Buying Plus Market About to Close Under 10 Day EMA

Most recent intraday equity put call ratio on the CBOE is now 0.47. That means traders have started buying calls even more aggressively.

The market is quite possibly going to close under the 10 ema.

This has the makings of a sharp correction.

1 comment:

whydibuy said...

Oh,oh. Everyone in the bomb bunker. The end is near!!

Another chart fool who thinks that the squiggles in the chart mean something in the future.
Charts are great indicators....of the past.

Chart idiots have been totally wrong since Mar '09. I remember chart idiot woman ( can't remember name ) said the dow would be at 4500 by the end of the year.

I've heard every chart watcher tell me , for the entire bull market, that things had topped out and were about to crash.

Here we go again. Right on que.