A diary of the thought process behind my investment decisions
This morning I showed the 10 day moving averages of the put/call ratios. We are still not near the extremes seen in January. What would it take to get the 10 day moving average of the put/call ratio to the point it was at in mid January? If the call buying continues through early next week we should be there. That said two extreme days back to back like today and yesterday usually lead to a pullback in relative short order.