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Hi everyone.

I'm home thank God!

And with that another look at sentiment tonight,

this time the leaps put/call data courtesy of marketharmonics.com again.

The ratio is now at an extreme in bullishness

This is particularly telling when you add in that fact that these options are long term plays on the market.

Which means traders are long term extreme bullish and at an extreme valuation point.

At a minimum,

this extreme reading will have to come back into the mid range with a selloff in wave 'C'.

But the idea of a drop in wave '3' of (3) is still a possibility!

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