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Not much has changed and I won't bother with an update of the charts. However, oex traders bought a load of puts yesterday. Its impact on open interest is still minimal. However, to see OI turning into bearish region and OEX volume PCR going into sell region, we need to start seeing more puts being bought by oex traders and this probably would take at least a few days to a few weeks before we see an intermediate sell signal. At the mean time, my DT short signal from Monday close is still valid for Wed. Coupled with DT oex short signal, we may see some pullback today.
BTW, Moreliver is sick and we should see his updates when he gets better. |
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