Put/Call Ratio (Basic Question)

I know readings of 1.0 is concidered the standard of an oversold market.

I was curious to ask what level others find useful as an overbought standard if any.....

Thanks;

 

You are kidding right?
1.0???

 

LOL sorry waggie my mind was wondering when I wrote the subject line

I corrected it ..... thnx

 

Ahhhhhh, your post initially referred to the VIX.
The Put/Call ratio makes much more sense!

Bullish/Bearish parameters depend on whether you are looking at CBOE Equity Put/Call ratios, or the Index Put/Call ratios.

http://www.maoxian.com/memoranda/putcall.html