Edited by humble1, 23 October 2008 - 09:37 PM.
a brief review of the bull case
#11
Posted 23 October 2008 - 09:36 PM
#12
Posted 23 October 2008 - 09:40 PM
#13
Posted 23 October 2008 - 09:41 PM
do you realize that large specs loading up and having loaded up is a historical buy sign and that they are often early? the fact that they have already added on the way down and a bit higher is bullish.
You haven't got a farging clue what large traders have done through history, do you?
#14
Posted 23 October 2008 - 09:42 PM
Congratulations, you now know what every HS educated trader in the world knows.
Toss in your regular classic technical indicators for a bottom (triple bottom, lower volume, lower VIX) and now you know what every 2 bit technician knows.
Now if the polls didn't reflect the fact everyone knew that and bet on it, I'd agree with you.
And the FFCI spikes again.
#15
Posted 23 October 2008 - 09:46 PM
do you realize that large specs loading up and having loaded up is a historical buy sign and that they are often early? the fact that they have already added on the way down and a bit higher is bullish.
It's actually the exact opposite. The large-spec is dumb money, a great fade at the right time. If the small traders weren't so heavily short, I would be fully short right now. I am hoping that tomorrow's report shows that the small traders have turned bullish too. That would be a good enough signal to hold over the weekend.
Edited by pcp, 23 October 2008 - 09:47 PM.
#16
Posted 23 October 2008 - 09:48 PM
do you realize that large specs loading up and having loaded up is a historical buy sign and that they are often early? the fact that they have already added on the way down and a bit higher is bullish.
It's actually the exact opposite. The large-spec is dumb money, a great fade at the right time. If the small traders weren't so heavily short, I would be fully short right now.
Thank you for cluing him in. Large traders are 90% of the time momentum traders. When they are loaded up, its time for a turn. This is very uncharacteristic of them to be buying all the way to the floor.
#17
Posted 23 October 2008 - 09:48 PM
Edited by humble1, 23 October 2008 - 09:51 PM.
#18
Posted 23 October 2008 - 09:50 PM
dc:
actually, i do and i can see that you don't. there is a service which tracks open interest and changes therein and makes recommendations as a result. the action of large traders is closely watched.
so, i guess it is you who really doesn't have a clue about what kind of research is out there.
I am guessing that whoever provides the service makes money by selling service and not by trading whatever it is they recommend.
Can you post a link so that I can check out this service myself?
#19
Posted 23 October 2008 - 09:52 PM
dc:
actually, i do and i can see that you don't. there is a service which tracks open interest and changes therein and makes recommendations as a result. the action of large traders is closely watched.
so, i guess it is you who really doesn't have a clue about what kind of research is out there.
Look, you asked for opinions, I gave some to you. You want to know my current position? Flat.
Whats my bias going forward? Bearish. That's all I need to say. I'm not your financial advisor. You and everyone else will always do what you want to do. Market will tell us the direction. The only difference is, if I'm wrong, I'm flat.
#20
Posted 23 October 2008 - 09:54 PM