Time to cull the momo heard again...

Using the total of all puts/calls on a 20day moving average basis *green line* (wish I could view it as a histogram some way) you'll notice that long steady downward trends in the ratio proceed sharp pullbacks in the stock market with a sort of cyclicality? to it.  It appears we are ready for another market take down and just in time for the "as jan. goes so goes the market year"