Market rolls over a little bit late, but rolls nonetheless...
This roll was late, at .26517, fully 6% late.... On the X-axis, .25000 is the theoretical turn point...
It is possible that options expiration had something to do wih the delay...
It is possible that options expiration had something to do wih the delay...
Comment
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Comment by Steven Vincent on February 23, 2010 at 2:15pm
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Don't be surprised to see this dip get bought and the market make new rally highs. I agree that we will be topping but the process may take another 4-8 sessions with a lot of chop in between. Let's see the put/call ration decline a bit...it has remained very high.
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