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A contrarian signal if you ask Bill Lubby,
over 1M put contracts
have already been traded on the S&P today - nearly 2.5X the average and following 913K yesterday. Over the past couple of years the "rare instances" when put volume reached 1M typically coincided with bottoms in stocks.
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I believe we are still headed lower, small rally's here and there,but a downward spiral thru the Election.
May 17, 2012. 04:34 PM
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