Tom Drake's 2CS Indicator History via Larry Moores

Larry Moores wrote "Here's what he does. He uses the daily vix and cboe put call ratios and takes the summation of the product of these two numbers for the last five days. I believe he feels this compensates for any games that might be played by the boys."

August 1, 2014 reading = 67.1%

10/9/13 - 33.5 low coming off an 80 high
12/18/13 - 69.6 low coming off a 90.5 high
2/6/14 - 40.5 low coming off a 98.1 high
3/17/14 - 59.1 low coming off a 79.5 high
4/16/14 - 53.4 low coming off a 71.1 high
currently coming off a 99.3 high on 6/23/14
April 2011 Tom Drake Report

2CS chart from 2003 to 2009 (click to view full size image)

APRIL 26, 2011 : 2CS²

"My favorite and simplest sentiment measure of the US stock market is the 2CS. Take each day's CBOE put/call ratio and multiply by each day's VIX or VXO (I have used the VXO since 1996). Sum the last five days of the daily product of VXO times P/C. When that five day total or 2CS gets under 70 we can start to wonder about the possibility an intermediate term top somewhere ahead. Sometimes the market will stall or go sideways a bit and relieve this condition, and then go higher again. But sometimes 2CS will continue to fall as the market moves up and get below 60. 2CS below 60 is almost always indicative of a significant decline within a week or two."

Note 1: Information posted at Re: 2CS-p =67.1% ..,..nm - - and Tom Drake's 2CS Senticator
Note 2: APRIL 26, 2011 Blog post titled 2CS

Make sure you read my article: Winning On The Zigs, Losing On The Zags <<==

	Tom Drake's 2CS Sentiment Indicator History 2CS calculated & reported by by Larry Moores
	Must Read: Using Asset Allocation to make money in a Flat Market Return to KirkLindstrom.com home page and Charts page


	Return to KirkLindstrom.com home page TOP OF PAGE	Blog
Disclaimer: The information contained in this web site is not intended to constitute financial advice, and is not a recommendation or solicitation to buy, sell or hold any security. This blog is strictly informational and educational and is not to be construed as any kind of financial advice, investment advice or legal advice. Copyright © 2014 Kirk Lindstrom. Note: "CORE & Explore®" was coined by and is a registered trademark of Charles Schwab & Co., Inc.