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Roger's Tickometer says... LOL!


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#1 Rogerdodger

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Posted 22 July 2008 - 08:13 PM

It looks a bit overdone and sentimentrader surged tonight.
Below is an attempt to clone Mark Cook's indicator.
It may not be the end of the world, but it looks a bit overdone also.
Both look a bit like February.
http://stockcharts.com/c-sc/sc?s=$TICK&p=D&yr=1&mn=0&dy=0&i=p42050526422&a=112527926&r=2534.png

http://stockcharts.com/c-sc/sc?s=$TICK&p=D&yr=0&mn=6&dy=0&i=p55395253693&a=27881618&r=6881.png

Edited by Rogerdodger, 22 July 2008 - 09:37 PM.


#2 Rogerdodger

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Posted 22 July 2008 - 08:17 PM

And what an extreme flip flop in the VIX:SPX ratio.
http://stockcharts.com/c-sc/sc?s=$VIX&p=D&yr=0&mn=6&dy=0&i=p35055608537&a=27927380&r=9373.png

#3 humble1

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Posted 23 July 2008 - 04:36 AM

that spx:vix is quite a tool ! i have my own contrary opinion list, a small one of almost 100% wrong folks when vocal and specific: one of them at another site was very active about 15 spx points off the low saying he was "short a boatload of spoos". i covered all my shorts immediately and went long a few for a day or so. got out too early on those, but i am ready to play again from the short side. the CI's are gold mines, but you must never let them know you are watching. some of this was margin call forced shortcovering i am quite sure. ;)