27 replies to this topic

[arbman]

I also took some more profits and left 1/3 position. I will prepare to go long from here on the next low --that I hope it comes

[kemo1k]

well looks like we have a few more RUT traders than before... welcome boys...and enjoy your pay day.

Hey Dev,

You still looking for some type of washout bottom on Tues or Wed on the $rut?

Thanks in advance.

[arbman]

CBOE reports 0.46 for the equity p/c at the moment, 0.8 for the overall, if this does not improve by the close, I will put the full position back short at the close. I don't like the volume at this low for a bottom either... OEX p/c is over 2 and there is 3.3M contracts traded today, kind of lighter than last week and it is an OPEX week...

[arbman]

trins are low for today's price damage, but the ticks are weak...

[Mr Dev]

well looks like we have a few more RUT traders than before... welcome boys...and enjoy your pay day.

Hey Dev,

You still looking for some type of washout bottom on Tues or Wed on the $rut?

Thanks in advance.

I was but looks like they will continue to try and bounce things along.

There is some good buying on this weakness, but one of these times the buyers will get bit.

Hopefully I'm short when that one happens.

See ya tomorrow.

Edited by Mr Dev, 14 May 2007 - 02:58 PM.

[thespookyone]

CBOE reports 0.46 for the equity p/c at the moment, 0.8 for the overall, if this does not improve by the close, I will put the full position back short at the close. I don't like the volume at this low for a bottom either...

OEX p/c is over 2 and there is 3.3M contracts traded today, kind of lighter than last week and it is an OPEX week...

I'm trading the Q's short, and loving the volume. Not high enough for a bottom, as you say, yet more volume on the down move than on Fridays up move. Gotta love that equity PC reading, as well-that is if you're short. Good trading.

Spooky

[selecto]

3 of the last 5 days on the spx have been "distribution" days, though 2 were not "heavy" ... Dude.

Edited by selecto, 14 May 2007 - 05:02 PM.

[arbman]

I'm trading the Q's short, and loving the volume. Not high enough for a bottom, as you say, yet more volume on the down move than on Fridays up move. Gotta love that equity PC reading, as well-that is if you're short.

After all said and done, I kept only 1/3 trading position short as I had to leave a bit earlier, I think the next 3-4 wks will be a more selective rally with the drying liquidity, so I am probably not going to trade the indices as much...