2.cs was 84 last night, the lowest it has been since last July (2011). Also total equity to index cboe options (puts + calls) is higher than it's been since July 2010,,,yes, 2010.... froth is back in this and other indicators I do.
But volume studies are not high enough yet to confirm topping. It needs a few blowout upside days now, or a pullback into mid next week and another run after that.
Recent Comments