By Lawrence G. McMillan
..The equity-only put-call ratios have both rolled over to sell signals. As we have pointed out, the standard ratio started moving higher a few days ago, but the weighted ratio just turned upward in the past two days. The computer analysis programs did not confirm sell signals from either ratio until after the close on October 2nd. So, these are “fresh” sell signals. The computer analysis was influenced by the fact that some rather large numbers were coming off the 21-day moving averages of these ratios, but as it turned out even larger numbers came onto the averages, and they rose anyway – eventually setting off these sell signals...
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