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Just some short selling & p/c stuff


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#1 spielchekr

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Posted 30 December 2006 - 10:08 AM

My comments are above these charts from Smallinvestors.com:

Short selling (orange) currently looks to have recently been sustained at an elevated level:

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But that's relative to this dwindling trading activity:

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And within that context, buying has been catching up to short selling.

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Short bets gravitated to SPY rather than QQQQ yesterday: SPY(+13.4%) QQQQ(+2.25%)



Snapshot of my imperfect imitation of Zen's $CPCE oscillator, applied to $CPCE, $CPCI and $CPC.

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#2 spielchekr

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Posted 30 December 2006 - 10:38 AM

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#3 jjc

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Posted 30 December 2006 - 01:37 PM

nice! thanx.

#4 dcengr

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Posted 30 December 2006 - 05:58 PM

What is important is who is doing the short selling. And my COT charts say that large traders are now ridding their longs at least. Many are likely to go short. When all the smart money has converted over to shorts from long, I think its still possible for prices to float higher, but the relative quality of that rise will not be as good and indicated via a deteriorating A-D line. Still, smart money has been wrong before, and it wouldn't take but another money pumping event (ala katrina or similar) to get the market higher in a liquidity fed rally.
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