Put Call Ratio Points to Oversold

Put Call Ratio Points to Oversold

Published May 16th, 2006 in Market Internals Tags: oversold, put call ratio.

Late last week, the total CBOE put call ratio reached 1.27. This is a level which has previously been associated with an oversold market. I don’t think we’re going to get a lasting rally from this, but I wouldn’t be surprised that a snap-back rally is around the corner.

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