Well... look who the chart thief is this time.
I do have to mention how much I hate this indicator, since it lags 3-10 days, based on how it's "Calculated". As I mock the Calculation, I do have to mention that my own sentiment indicator is "Calculated" in the same way, and has fewer samples, but also allows me to re weight the data.
Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.
Sunday, December 20, 2009
I also want to give a word of caution about how with low volume, some of the Put Call Ratios, have a higher chance of sampling error.
Like I've said... SENTIMENT IS OFF THE CHARTS. I'd add the Rydex to this, but again that sucker lags 7 days, and has such huge weekly swings, it's hard to find it reliable Other, than for hind site.
Posted by Eric at 7:22 PM