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comments?
Edited by humble1, 11 February 2009 - 11:10 AM.
the real thing: the tape action today is quite healthy
Started by
humble1
, Feb 11 2009 11:04 AM
6 replies to this topic
#1
humble1
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Posted 11 February 2009 - 11:04 AM
the little gap filler of the morning's open, and the spunky kick-up, is mighty fine tape action. when you consider yesterday's frightening one-day-wonder, the "no follow through", alone, is very impressive. that 2/10 red-in-your-face candlestick looks exactly like a daily bar, small wavelet-c, should look.
the rally since 11/21 has been tough on the bears and i understand their need to vent.
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comments?
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comments?
#2
atlasshrugged
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Posted 11 February 2009 - 11:32 AM
the little gap filler of the morning's open, and the spunky kick-up, is mighty fine tape action. when you consider yesterday's frightening one-day-wonder, the "no follow through", alone, is very impressive. that 2/10 red-in-your-face candlestick looks exactly like a daily bar, small wavelet-c, should look.
the rally since 11/21 has been tough on the bears and i understand their need to vent.
comments?
with all do respect
I contimplated also that we may be in a wave three up from the lows of 800 and here is why i disagree.
If wave 2 down from the high of 941 to the low of 800 was wave 2 then that wave should have had a huge amount of pessimism associated with it...also the subsequent rally we just had from 800 to 874 should
have been met with pessimism and it wasnt. it was met with some very low put call ratios ...thats why i dont think its a wave three to to the upside...i actually think its a wave three of the final fithth to the Downside...just my thoughts
#3
humble1
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Posted 11 February 2009 - 11:40 AM
IC:
i have found p/c ratio's, themselves, to be a very unfaithful mistress, fwiw. i prefer to use equi-distant, from a spx close, p/c price ratios. i usually do three: one in the money, one near the money, and one out of the money. this works better for me.
thanks for your comment.
p.s. this is H1-proprietary and i rarely share it so please don't tell anyone.
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#4
tommyt
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Posted 11 February 2009 - 11:59 AM
[quote name='humble1' date='Feb 11 2009, 08:40 AM' post='433216']
IC:
i have found p/c ratio's, themselves, to be a very unfaithful mistress, fwiw. i prefer to use equi-distant, from a spx close, p/c price ratios. i usually do three: one in the money, one near the money, and one out of the money. this works better for me.
thanks for your comment.
p.s. this is H1-proprietary and i rarely share it so please don't tell anyone.
I'm assuming your prop P/C ratio has been screaming buy for the last month?
IC:
i have found p/c ratio's, themselves, to be a very unfaithful mistress, fwiw. i prefer to use equi-distant, from a spx close, p/c price ratios. i usually do three: one in the money, one near the money, and one out of the money. this works better for me.
thanks for your comment.
p.s. this is H1-proprietary and i rarely share it so please don't tell anyone.
I'm assuming your prop P/C ratio has been screaming buy for the last month?
#5
humble1
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Posted 11 February 2009 - 12:08 PM
tt:
for some reason i have you on "ignore."
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p.s. i have an spx number in mind, on the print of which, i will let .618 of you out. more on that later as the lift-off goes higher.
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p.s. i have an spx number in mind, on the print of which, i will let .618 of you out. more on that later as the lift-off goes higher.
#6
Iblayz
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Posted 11 February 2009 - 06:21 PM
In order to have a wave 3 up you first must have an impulsive wave 1 up. Show me.
#7
thespookyone
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Posted 11 February 2009 - 09:32 PM
In order to have a wave 3 up you first must have an impulsive wave 1 up. Show me.
Well put.
