A quick correction...

I am referring to my previous post and not the markets(that remains to be seen i suppose). In my previous post under the commentary pertaining to the put/call, i mistakenly stated the data argued for a higher close when it should have stated 'lower close'. The table showed the correct bias however.

Anyway, these two sell signals will be removed off the board today as the market fulfilled their expectations. However we closed today with what appears to be a reversal and gravestone doji at a new high on the S&P (or close to it anyway). Conventional wisdom is that these are sell signals. I will run some studies later to see how they have held up recently...