Quote from ASusilovic:
Best indicator for a selloff in the US is the OEX PCR Ratio. As of yesterday it stays at 3,85. Therefore :
Look for the DOW and ES to correct today massively -> DAX will fall too, hard.
Take a look at the Put-Call-Ratio :
05/15/2007, 839166, 1131113, 1970279, 1.35
05/16/2007, 932992, 1352961, 2285953, 1.45
05/17/2007, 905016, 1099667, 2004683, 1.22
05/18/2007, 686096, 1435048, 2121144, 2.09
05/21/2007, 573064, 1148792, 1721856, 2.00
05/22/2007, 316277, 1218500, 1534777, 3.85
Good luck !
why would a high P/C ratio be negative ?
I think we go up further because everybody is shorting like hell into this bounce. Yesterday at Euwax small speculators also bought all kind of short products like cracy.
Europe and Germany are still not getting the fact that the "bad boys" US-banks and homebuilders have already turned around strongly. One or 2 more positive days in US and shorts will be running for the exits.
It did slide a bit