Thursday, October 15, 2009

put/call ratio very low so far again today

ya I know, it could be option exipration related but as I noted this seems to be the only one important indicator that's in favor of the bears right now.

IMO, this is not a time to be bold on either side of the market for ST traders which is why I continue to be a spectator. Too much of a mixed bag here and gap risk is high.

Once again, I'll be spending most of my time today researching individual stocks.

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