Man...the rydex numbers just came in and the rydexers
Started by
atlasshrugged
, Mar 06 2010 12:34 AM
5 replies to this topic
#1
atlasshrugged
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Posted 06 March 2010 - 12:34 AM
still got half my nq's from 1790!!!
not going to let go of this tigers tail!!!
#2
mcleert
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Posted 06 March 2010 - 01:13 AM
Good for you!!! I'll give some back to you at 1700 if you are still holding. Or I might give some of them back to you at a higher price --I got more at this price. Don't rely on total Rydex positions---Lots of old players at very low prices (lots of money) holding for distribution. New short players are skewing the old long players (have not sold) larger old long positions March (2003), March 2008.
Just because Rydex is showing more short positions---does not mean the big players are heavy inversed short!! Could be they are ready to sell their old longs soon. Be Careful!!!
#3
IYB
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Posted 06 March 2010 - 01:17 AM
still got half my nq's from 1790!!!
not going to let go of this tigers tail!!!
Haven't looked at the Rydex numbers yet, but.....
Here's a look at the ratio of the PCR of the OEX (doz smart guys) to the PCR of the Equity option players (dat numnutz money), and as you can see, it has dropped down almost to July 2009 market low readings. meaning OEX players are buying calls while the equity guys are buying puts. Implication: this rally has a long way to go till these numbers reverse again towards the overbought levels of the last two quarters of '09.
Ride that tiger.
[attachment=15305:a37.png]
Edited by IYB, 06 March 2010 - 01:26 AM.
“Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, one by one.” ― Charles Mackay, Extraordinary Popular Delusions and the Madness of Crowds
#4
mcleert
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Posted 06 March 2010 - 01:41 AM
Look at the VIX @ 17.42---------how low can the complacency go?
To 16.50?---low probability bet here. That is about 10,900 on the Dow?
#5
punter
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Posted 06 March 2010 - 10:59 AM
Look at the VIX @ 17.42---------how low can the complacency go?
To 16.50?---low probability bet here. That is about 10,900 on the Dow?
It might go to the lows @ 14. Just like in 2007.
Keep Calm and be Long
My opinion on markets, or anything, is a health hazard. Follow or fade at your own risk!
#6
atlasshrugged
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Posted 06 March 2010 - 11:25 AM
Look at the VIX @ 17.42---------how low can the complacency go?
To 16.50?---low probability bet here. That is about 10,900 on the Dow?
first of all..did you ever think it would hit 100!!!!! like it did in 2008
did you ever think the Saints would win the superbowl
did you ever think global warming was man induced?
did you ever think david lee roth would rejoin van halen?
If i would have asked you or anyone where the mkt would be today last march 8th how many people would have said we would be up 70% from the lows???
it can go to .01
Edited by atlasshrugged, 06 March 2010 - 11:28 AM.
