WHOA! Check out the CBOE Put-to-Call ratio

rather dramatic move, I might say. I like this a little better than the VIX. The $cpc is a little more of a leader. By the way, those of you that are "God's Special Little Traders", read this puppy upside down to get a feel for where we might be headed next, and enjoy.

 

Not suprising since we will break the uptrend tomorrow if we have a down day.

 

Must be a good buying op coming up

 

levels above 1.10 should be equated with a healthy amount of pessimism in the markets. I'm just surprised at how fast this puppy jumped up. This has been a wonderful indicator for me, you can get alot of historical index put-to-call data from the CBOE website.