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The 20 day moving average of the Put/Call ratio has fallen near levels indicating perhaps too...

  • Wednesday, April 18, 2012, 12:39 PM ET
    The 20 day moving average of the Put/Call ratio has fallen near levels indicating perhaps too much bullishness, notes Tommy Thornton. Bears need to be patient though - a shorter-term view shows the ratio has been this low for the past couple of months, during which the SPY has inched higher.
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DJIA (DIA) S&P 500 (SPY)