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alexpaz (90.84)

I am calling the BOTTOM right here right now!

Recs

6

August 24, 2009 – Comments (5) | RELATED TICKERS: BE , AR , ISH

In my Caps score that is ;)

Just wanted to throw out a little bit of data to support the Bear debate. The equity put to call ratio has reached a bullish extreme of .393. Another green shoot right? Wrong! Sorry, bulls it is used as a contrarian indicator. Here are the 3 lowest readings in the last 3 years.

Date Equity P/C Ratios

8/21/2009 0.39

12/20/2007 0.42

10/31/2007 0.45 

 

If you look back at the less recent dates, you can see that a major correction followed.

 

Disclosure: long- EDC sep puts, DTG sep puts, TYH sep puts

I am also short term bullish on the long end of the treasury curve and the U.S. dollar

  

*All data from www.cboe.com (Chicago Board Options Exchange)*




 

 

5 Comments – Post Your Own

#1) On August 24, 2009 at 10:42 PM, isusan (< 20) wrote:

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#2) On August 24, 2009 at 10:52 PM, zloj (98.72) wrote:

Hi alexpaz,

6 weeks ago you congratulated me on almost breaking above 100 points. As you can see, the Caps game is full of ironies. It must have been that little jibe that ruined your karma...

 

On July 02, 2009 at 11:54 PM, alexpaz (85.46) wrote:

Congratulations, on almost breaking above 100 points! The truth is Goodvibe, Binve, Columbia etc. all try to make sense of what is a wildy manipulated and unpredictable market. Their work is helpful to most that understand basic aspects of technical analysis, however you pissing on other Caps members does no one any good. You suck at Caps and probably can't trade yourself out of a wet paper bag.... 

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#3) On August 24, 2009 at 11:03 PM, alexpaz (90.84) wrote:

zloj,

Congratulations on your achievement. I can you see you still bring no value to this board. I apologize for the strong words in my previous statement, just defending a few people around here that probably deserve an apology from you.. So, go ahead and don't ruin your own Karma. :)

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#4) On August 24, 2009 at 11:05 PM, dragonLZ (69.42) wrote:

I guess you meant TOP, not BOTTOM... (bottom was on March 6...)

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#5) On August 24, 2009 at 11:58 PM, awallejr (79.41) wrote:

I think pretty much everyone is expecting at least a correction.  Sooooo, if everyone expects it, it probably won't happen ;p

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