3 replies to this topic

[OEXCHAOS]

I've attached the chart of the Nominal and $-weighted SPY P/C. Normally, such a high reading is Bullish, but not always. I note that the IWM P/C's are very high too. That's correlated with good moves, alas, it's hard to know which way. I suspect that this WWW will actually BE weird.

[Cirrus]

The OEX P/C spike typically leads to a selloff. The OEX MA's aren't yet in very high probability IT sell territory but they are getting close. Another P/C daily spike could do it--say an OEX P/C above 3 again. Again, this indicator has been the most reliable indicator out there.

[arbman]

You know I have the most shorts in the RUT options, I guess I represent the dumb money here... I am buying also back the OIH and SMH options for the hedge. HHH looks like a diamond reversal intraday now...

[arbman]

I gave up on the hedging idea, it is dropping too fast... ... for now riding the trend lower. Keeping it simple, looking for the lower trendlines from connecting the lows...