At least in SPY and QQQQ from what I can tell.
This implies to me that traders are buying ETFs, not stocks. Any rally is a trading rally, not a long term rally. More evidence to me that it may be wave 2 up (a-b-c).
But first we must bottom. So many picking bottoms today..
Well there were a ton of put strikes at 1250 in march. There were a ton in feb but that never got touched. Here we are in march, 1250 strike puts come into money.. so far.
This is OPEX week after all.
more volume today than august lows
Started by
dcengr
, Mar 16 2011 02:36 PM
3 replies to this topic
#1
dcengr
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Posted 16 March 2011 - 02:36 PM
Qui custodiet ipsos custodes?
#2
dcengr
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Posted 16 March 2011 - 02:53 PM
Looks like no bottom yet as price formation suggests sub 1240 test in AHs.
Bulls need to have a plan.
Qui custodiet ipsos custodes?
#3
dcengr
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Posted 16 March 2011 - 02:57 PM
Nikkei is now in a bullish bull flag configuration. Break above 8700 confirms bull flag break higher.
Qui custodiet ipsos custodes?
#4
dcengr
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Posted 16 March 2011 - 05:10 PM
1241 low... that will do.Looks like no bottom yet as price formation suggests sub 1240 test in AHs.
Bulls need to have a plan.
Qui custodiet ipsos custodes?
