Wednesday, September 14, 2011

S&P 500 are the Dummies? and Dow are the smarties?

Look at this intraday data.   Look at the ratio on the bottom.

It shows the majority of option players are doing exactly the opposite of what they ought to be doing.

Is that a lion in the forest, run away!    yeah, a nice pasture, lets chow...wait is that a gator in the river?!   Run away!   Congress outlawed gators...yeah!  relax.

Know what  bunch of birds is called, a flock.   Know what a bunch of Baboons are called, no joke they are called a Congress.

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