2 replies to this topic

[hedgehawk]

I am so bearish, I think this rally is crap. End Of Quarter window dressing is all it is. The so called double bottom by the bubblevision teletubies is also suspect. The buying volume has been weak out of this double bottom as well. I think this thing is hours from rolling over hard. I've been noticing that open interest explodes right before qrtr end and we get a one week rally. How creative. Note where the open interest, (green line) peaks on the COT report, right before qrtr end, then look at the chart you will see how we get a nice little pop in price right at qrtr end. I think that is what is happening now.






http://stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=1&mn=0&dy=0&i=p44986271466&a=133985453&r=6070.png

Edited by hedgehawk, 25 March 2008 - 08:12 PM.

[hedgehawk]

Also I am betting that since open interest is peaking but net long is no where near the highs that just as many folks are getting short as long. Also note how open interest falls off a cliff right after it peaks that is what is going to happen here....... Ignore this post at your own risk

Edited by hedgehawk, 25 March 2008 - 08:18 PM.

[zigzag]

Interesting chart. The first two lines do not coincide with EOQ. Is that right? By the way, this qtr shows massive Pos Div of your MACD. Not the case in the prior three. J