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[OEXCHAOS]

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Remember, "Partially Long (or Short)" means less than your normal full position. E.g., If you typically use leverage, then 100% long would be "Partially Long".



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[csw2002]

Based on the state of this survey, Monday should have a decent sell off. There are too many partially long bulls that are usually shaken off before we rally. We now also have a tipping point sell as well based on fully long fully short ratio. All credit goes to Mark (oexchaos) for both setups. Both of them being present should hopefully mean a decent sell off. OEX PCR is also on sell if you strip out last Friday's expiring contracts (which you wouldn't get if you simply go with default cboe data). As a bear, the big worry, on the other hand, is that too many amateurs were buying puts (on both equity and index products) vs calls on Friday based on open only data from ise - and these speculators are usually quickly punished especially when they are on the short side.