option week

Market hits new high, but you already knew that. DOW 12,416
whats next you ask? -- lets explore
Merc Square Urnaus at 10 am- bearish tone
18 day cycle hits today at 2pm - could be last gasp high
markets usually find a low withing 5 trade days after this cycle. = Dec 22nd
90 bars hits at 3pm- could be the low of the day
OEX pc ratio 1.15 not bullish, but not very bearish either
CBOE pc ratio .74-- very bearish
SPX 500 PC ratio = .63 very bearish
So we do have bearish overtones the day after most index options expire.
Jay