engulfing candle . . get your puts in, page-9

I don't know when your figures from CNN were collected but i have been looking at the amount of money being spent on put and call options in Australia over the last few days and its about 10x more spent on calls (check out the derivatives page on Tradingroom.com.au). Maybe, actually probably, a lot of people feel that we are approaching the end of the bear market . . . on the contrarian side, the side i favor, the last time there was such a disparity between put and calls was in october and november of last year where the ratio was the same but there were more puts than calls sold.