One word! update

Update for Friday OE:

The PC ratio at 1.90 is bullish with the $spx+vix indicator bearish for Friday.
Still on a sell but all we have done is go up and down. If Tom Demark couldn't call it today on Bloomberg how can I ??



update:
Official sell was Friday close or open today.
Look for spx 1163 soon


INSANELYOVERBOUGHT !!!!!!!!!!!!!!!!!!!!

Jan 2011 to pending OE in Oct 2011 on Spx.

We think the high is normally Thursday of option week but facts speak different.

Jan 2011 Blue week High Monday, Low Thursday

Feb 2011 Blue week Highs Thursday Friday, lows M-Tu

March Blue week High Monday , low Wed, then sharp rally

April Blue week High Monday, Low Thursday

May Red week Low Tuesday High Thursday

HOY so far May-2-11 @ 1370 spx

June Red week High Tuesday, Low Thursday

July Red week High Monday, Low Thursday

August Green week High Monday,Low Friday

September Green week low Monday, high Friday

Oct in play

So net net the chances for a high are Monday and a low Wed/Thursday, or visa versa if Monday is a low, so watch for the action vs the last Friday for clues. Monday could have a big trading range failure. Monday is the key to OE week.

Jerry O