Unbelievable!! The Index P/C ratio has stayed below 1 almost all day. As you can see no intraday bounce has lasted more than a couple of minutes. As I type the ratio is .97 and only has bounced above 1, one time today. This occurred at 11am NY time just as we got the largest bounce of the day. That bounced produced a P/C ratio below 1 again and we dropped to new lows.