6 replies to this topic

[dcengr]

Once in the morning, once after Fed. I wonder if they'll try again tomorrow. Not much more news left.. unless there's some more individual company news. Still 1.5 hours left, but looks like dow is the only one responding. Everything else is pretty much in the noise.

[A-ha]

If you take a closer look at the past instances, these traders were usually early by a week or so.

Edited by xD&Cox, 21 February 2007 - 02:32 PM.

[dcengr]

If you take a closer look at the past instances, these traders were usually early by a week or so.

Yea, I know. I also know that when they were early, they took some heat. Meaning we could spike up in a few days like in May.

The relative strength of NDX has got to worry bears. With SOX in the gutter, they managed to keep NDX afloat all day on non-semis.

Probably a gap up tomorrow is my guess on NDX.

[CLK]

If the recent lows are not taken out over the next two days, look out above next week.

[jus2fat]

dcengr, like I said in my write a couple weeks ago... if the OEX traders are so 'smart'...where's the sell-off? And 'being right' a week after positioning...gimme a break. If there is no 'serious' trend in play, it is very risky, if not foolhardy to stay positioned for more than a few days. If it's not moved your way within 3 days, ya gotta get out. Just my 2-cents on OEX positions being market signals. Point being, as you said, when you're wrong on options, you can feel the heat real fast. OEX traders...the same. You kinda know how I operate, and what the OEX traders are doing has nothing to do with it. Not saying saying OEX traders are not good traders...maybe they are...maybe they're not. dc...you know I specialize in the 'hit and run' option trade. ain't no way I'd stay wrong for a week...no way!! One of the best threads on this site (imho) was the one on option trading a few months back. These things are honest to God like playing with rattlesnakes. Thus my hit and run strategy. (Hit it...Split it...and Quit it) Bes2ya...J2F

[dcengr]

There's no such thing as a 100% system, or anything close to it. Maybe the OEX traders are wrong this time, it wouldn't be the first time.

Some also trade longer time frames than "3 days". The market may move up and down several percent every day, but usually ends up on the year about 10-15%.

dcengr, like I said in my write a couple weeks ago...
if the OEX traders are so 'smart'...where's the sell-off?

And 'being right' a week after positioning...gimme a break.
If there is no 'serious' trend in play, it is very risky, if not
foolhardy to stay positioned for more than a few days.
If it's not moved your way within 3 days, ya gotta get out.

Just my 2-cents on OEX positions being market signals.
Point being, as you said, when you're wrong on options,
you can feel the heat real fast. OEX traders...the same.

You kinda know how I operate, and what the OEX traders are
doing has nothing to do with it. Not saying saying OEX traders
are not good traders...maybe they are...maybe they're not.

dc...you know I specialize in the 'hit and run' option trade.
ain't no way I'd stay wrong for a week...no way!!

One of the best threads on this site (imho) was the one on
option trading a few months back. These things are honest to
God like playing with rattlesnakes. Thus my hit and run strategy.
(Hit it...Split it...and Quit it) Bes2ya...J2F

[jus2fat]

dcengr...I think you know I wasn't trying to be a wise-guy. Yeah, maybe the OEX traders will be right or wrong this time? Who knows, I just don't understand why folks 'track' them. It's just that I've not seen any outstanding results. And yeah, people do trade options in a longer timeframe than 3 days. Speculators...hedgers...etc....whatever... but I kinda got the feeling this was relatively short-term / week? (referring to the OEX positions) I'm open to any knowledge (facts) that can show the OEX traders being outstanding in taking on positions before a BIG move. I mean...really...could somebody/anybody show me consistency. I'd really welcome it...honestly...maybe I'm just not seeing it? And is my hit and run 'system' 100% perfect...unfortunately not. But you know I look for a high reward / low risk set-up for options. I hope I haven't offended you nor xD, certainly not my intent. Actually, I really like your watch of the intra-day P/C ratio. :-)