6 replies to this topic

[Mr Dev]

Seeing the buying on the dip again yesterday, this morning's bounce was no surprise,... but it may have its long awaited affect,,,as the RUT technicals are at a M or B point. Yes, we are gonna finally get a good bounce here to break into new all time highs,... yet to be seen for weeks,... ...or,...I said or,..... we break support and accelerate to the down side. With nothing changed in my signals I'm holding and not going to be scared out until they say cover and reverse. best to all. * * * ******** Oh....looky there,....we just double the losses for the day as we just hit the lows in a swift dip. Nice to see as we near the M or B point.... confirmation its at work. *****| * * moooooha-ha-ha-ha!

Edited by Mr Dev, 15 May 2007 - 01:44 PM.

[tozwp]

Seeing the buying on the dip again yesterday, this morning's bounce was no surprise,... but it may have its long

awaited affect,,,as the RUT technicals are at a M or B point.

Yes, we are gonna finally get a good bounce here to break into new all time highs,... yet to be seen for

weeks,... ...or,...I said or,..... we break support and accelerate to the down side.

With nothing changed in my signals I'm holding and not going to be scared out until they say cover and reverse.

best to all.
*
*
*
********

Oh....looky there,....we just double the losses for the day as we just hit the lows in a swift dip.


Nice to see as we near the M or B point.... confirmation its at work.

Nice! I covered my rut shorts taken at the close on Friday last night. No guts no glory. Most shorts now feel they have to cover quickly or get run over by the next ramp job. Kind of looks like the market ran out of shorts to cover here today.

[Mr Dev]

Nice! I covered my rut shorts taken at the close on Friday last night. No guts no glory. Most shorts now feel they have to cover quickly or get run over by the next ramp job. Kind of looks like the market ran out of shorts to cover here today.

a win is a win is a win no matter how small.....something was done right!

I think you're right. We were seeing more RUT players on both sides,,.. those willing to short it instead of the Qs

Qid or NDX...and dip buyers in the RUT yesterday ....both players are acting today.

This mornings bounce produced by the dip buyers pushed most shorts into covering ...then on the spike higher

the longs started selling. They were trying to get out before profits from yesterday's entry evaporated.

Just how markets move sometimes,...rewarding when it can be detected.

Edited by Mr Dev, 15 May 2007 - 02:00 PM.

[redfoliage2]

I covered a little early today. But the trading range for ER2 looks between 816 and 828.

[Mr Dev]

You WON !

Even tho I still do it.... we can't beat ourselves up over not making the most of the trade.

A win is a win.

Well done. Be careful with so much attention now on the RUT as easy... it may get harder.

Edited by Mr Dev, 15 May 2007 - 03:00 PM.

[arbman]

Well done for you too Mr Dev, congrats. I personally expect a retracement at least, especially if there is more downside left, I am thinking many went short or hedged the close here. The last hour's P/C ratio was 1.19. I think many people dumped the calls and flipped to puts...

[arbman]

30 min option volumes;

Time(ET) EquityCall EquityPut EquityRatio IndexCall IndexPut IndexRatio TotalCall TotalPut TotalRatio
10:00 AM 153436 90378 0.589027 50180 115719 2.306078 203616 206097 1.012185
10:30 AM 157789 81901 0.519054 133110 204066 1.533063 290899 285967 0.983046
11:00 AM 132727 89232 0.672297 52690 72714 1.380034 185417 161946 0.873415
11:30 AM 89438 58224 0.650998 33896 41094 1.212355 123334 99318 0.805277
12:00 AM 82257 54750 0.665597 65845 65537 0.995322 148102 120287 0.812190
12:30 AM 95837 37753 0.393929 43419 39995 0.921141 139256 77748 0.558310
1:00 PM 71207 40153 0.563891 33122 63090 1.904776 104329 103243 0.989591
1:30 PM 113013 25365 0.224443 106212 110983 1.044920 219225 136348 0.621955
2:00 PM 72832 50583 0.694516 52784 72271 1.369184 125616 122854 0.978012
2:30 PM 75833 67336 0.887951 46856 46999 1.003052 122689 114335 0.931909
3:00 PM 85484 55821 0.652999 78521 119232 1.518473 164005 175053 1.067364
3:30 PM 64753 66753 1.030887 43084 58149 1.349666 107837 124902 1.158248
4:00 PM 97847 106458 1.088005 69164 95598 1.382193 167011 202056 1.209836

http://ichart.finance.yahoo.com/z?s=^GSPC&t=1d&q=&l=off&z=s&c=^NYA,^RUT,^NDX,^IXIC,^NDXE,^DJI,^SPXEW,^MID,^SML&.png