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No sentiment spike on today's rally


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#1 Rogerdodger

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Posted 19 March 2007 - 08:31 PM

Absolutely frozen in time.

I noticed that sentimentrader.com has been frozen near neutral for the last few days.
I was looking for a spike to short. Didn't get it.
I did sell some SSO at the close.
Maybe it'll take Uncle Ben and 1425 SPX to get some bulls.
Nobody believes that tweezer bottom.

Edited by Rogerdodger, 19 March 2007 - 08:39 PM.


#2 arbman

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Posted 19 March 2007 - 09:05 PM

Equity Put/Call Ratio = 0.61? Are you sure nobody's still bottom picking? I am thinking some people are feeling more bullish here... We can only know tomorrow whether they are really getting committed since the post expiration actually screwed the open interest figures quite a bit (another 20% haircut in the open interest and net calls). The open interest itself is the bearish I've seen for a long time, the net call contracts have been in a steady decline and the only (net) call buying happens in the front month (which is probably only hedging)... I guess no need to mention the implied volatilities that barely budged down today. - kisa

Edited by kisacik, 19 March 2007 - 09:06 PM.


#3 Rogerdodger

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Posted 19 March 2007 - 09:46 PM

Equity Put/Call Ratio = 0.61?

That's one reason I took some profits.