Technical Analysis - Calculated Statistical Indices index, copyright, recently, question

spartan1

Hi I have found a discrepancy between a third party prep provider and the curriculum. I have changed the question around to avoid copyright issues.

Market technician Simon Grey uses the CBOE put-call ratio as a contrarian indicator and Barron's confidence index as a smart money indicator. Given that both of these indicators have recently risen sharply, her market outlook based on each indicator is most likely:
Confidence Index Put-call ratio
a) Bullish Bullish
b) Bearish Bullish
c) Bearish Bearish

The answer was A. However how is this so.

In reference to the curriculum book

" The put/call ratio.......The ratio is considered to be a contrarian indicator, meaning that higher values are considered bearish and lower values are considered bullish".

Whats the go here? Should I stick with what's in the curriculum?.

Thanks