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Neurodoc
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Neurodoc's Blog : Indicator suggests near market top (short-term at least)

Date March 10, 2010    Comments Comments (4)    Rate this post Recommend This Post (60)   
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I've started following the percentage price oscillator (PPO) at stockcharts for the $CPCE (equities-only put-call ratio) 5/60 MA's. When the 5day MA dips >12.5% below the 60 day MA, the market tends to head down--today it's -15%, so I've tightened stops and rebought SDS (modest position). This seems to work pretty well historically except in the middle of a major market convulsion (e.g. the final 2008-2009 bottom and initial recovery).
Tags : PPO  

4 Comment(s):

Author MackTheKnife     Date March 10, 2010 07:37 Abuse this post Report Abuse
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Howdy, Neurodoc!

I've started following the percentage price oscillator (PPO) at stockcharts for the $CPCE (equities-only put-call ratio) 5/60 MA's. When the 5day MA dips >12.5% below the 60 day MA, the market tends to head down--today it's -15%

Based on its behavior during the current bull market, this appears to be a pretty nifty indicator. Thanks for sharing it!

Good luck!

MackTheKnife
Author BSNBC     Date March 10, 2010 09:41 Abuse this post Report Abuse
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financials sure are ripping right now. why?
Author JoeCole     Date March 10, 2010 09:56 Abuse this post Report Abuse
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Semis are rockin
Author Neurodoc     Date March 11, 2010 01:06 Abuse this post Report Abuse
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Your welcome, Mack. (Obviously doesn't address industries or sectors per other comments, although good semi action is bullish maybe longer term than this indicator addresses).
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