Heavy buying of bearish puts is setting the stage for a market bottom.
PUT-CALL RATIOS ARE excellent contrary sentiment indicators, especially at market extremes. The rationale behind that statement is fairly simple: as a trend in the market perpetuates, option speculators tend to follow the trend.
Source: Barron's
Monday, June 14, 2010
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment