Sunday, September 4, 2011

Sunday update, Conflicted market

Total Put Call (kind of the best indicator of the 3 put calls in common use), is very high, historical high levels.

Index put call also very high.

SPX/Gold ratio  (see chart!) showing either a 5 wave down done, and now AB complete with c up to follow OR
3 down complete, with a diamond type wave 4 sketching out, ready for a final dive into wave 5....

Nice ---so either a big up or down.

HBB loves the 3 day weekends to pull out all the stops, literally!

Globex futures is supposed to be trading but TOS did another update, seems like they are doing 3 updates per week, 3 per week! And Futures is showing no activity.   Odd.

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Insightful and Useful Comment!