Well the OEX boys gave it a good try
#1
Posted 21 February 2007 - 02:25 PM
#2
Posted 21 February 2007 - 02:32 PM
Edited by xD&Cox, 21 February 2007 - 02:32 PM.
#3
Posted 21 February 2007 - 02:49 PM
If you take a closer look at the past instances, these traders were usually early by a week or so.
Yea, I know. I also know that when they were early, they took some heat. Meaning we could spike up in a few days like in May.
The relative strength of NDX has got to worry bears. With SOX in the gutter, they managed to keep NDX afloat all day on non-semis.
Probably a gap up tomorrow is my guess on NDX.
#4
Posted 21 February 2007 - 03:07 PM
#5
Posted 21 February 2007 - 03:54 PM
Being wrong isn't a choice...staying wrong is!
----------------------------------------------------
I have never been lost, but I will admit
to being confused for several weeks. Daniel Boone
#6
Posted 21 February 2007 - 04:07 PM
Some also trade longer time frames than "3 days". The market may move up and down several percent every day, but usually ends up on the year about 10-15%.
dcengr, like I said in my write a couple weeks ago...
if the OEX traders are so 'smart'...where's the sell-off?
And 'being right' a week after positioning...gimme a break.
If there is no 'serious' trend in play, it is very risky, if not
foolhardy to stay positioned for more than a few days.
If it's not moved your way within 3 days, ya gotta get out.
Just my 2-cents on OEX positions being market signals.
Point being, as you said, when you're wrong on options,
you can feel the heat real fast. OEX traders...the same.
You kinda know how I operate, and what the OEX traders are
doing has nothing to do with it. Not saying saying OEX traders
are not good traders...maybe they are...maybe they're not.
dc...you know I specialize in the 'hit and run' option trade.
ain't no way I'd stay wrong for a week...no way!!
One of the best threads on this site (imho) was the one on
option trading a few months back. These things are honest to
God like playing with rattlesnakes. Thus my hit and run strategy.
(Hit it...Split it...and Quit it) Bes2ya...J2F
#7
Posted 21 February 2007 - 05:11 PM
Being wrong isn't a choice...staying wrong is!
----------------------------------------------------
I have never been lost, but I will admit
to being confused for several weeks. Daniel Boone