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Put/Call Ratio...

By: StudioCity'98



...is 1.25 right now. 125 Puts bought for very 100 Calls bought. Contrary indicator. Should be a bottom in here somewhere...short-term anyway.

However, most domestic charts have a nasty looking Bear Flag developing. That has to be tested to the downside sometime in the next week.  If it holds we might have a tradeable bottom for now. 

Mgr's will likely be in here buying going into year-end to catch up to their benchmarks. 

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