The put/call ratio and the VIX/VXV ratio tell their own story:
Disclosure: I'm long.
Thursday, August 4, 2011
Are we in for a rebound?
Today we've had a pretty heavy drop in the SPY, that has been preceded by a series of down days. It could be tempting to join the panicking crowd, but the crowd usually gets it wrong.
The put/call ratio and the VIX/VXV ratio tell their own story:
Both of them are pretty high, the situation that is usually accompanied by a pop in the market.
Disclosure: I'm long.
The put/call ratio and the VIX/VXV ratio tell their own story:
Disclosure: I'm long.
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the absolute level of these sentiment indicators are not that suggestive,
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it's ppl start to hedge or taking profit of old hedging, rolling them over, or just unfold them.