15 replies to this topic

[Tor]

Options sentiment during this week is not so reliable.

We did know that they (da Boyz) were going to bounce it, though, right? It was just a matter of figuring out if it was going to be today, tomorrow or Friday.

Mark

But it seems that this is the case every week, every month and every day. Every downtick has been generating huge short interest for years. NYSE short interest is close to all time highs now too, if I'm not mistaken. Thats why pullbacks are getting more and more shallow every time. And the parabolic is getting more and more stretched.

Look at the 3 pullbacks we had this year so far for example. Gigantic put/cal;l and bearish sentiment sp[ies on every shallow pullback.

Be careful with measuringshort interest. Regularly cited, regularly misunderstood.

Overall long and short interst has expanded dramatically in line with volume these past years.

[thespookyone]

Equity PC ended at .58, not exactly a house full of bears. The "endless liquidity" has seemed not so in the last week and change, and as I have said many times here, it is now being used to achieve the highest marginal utility-like today-sitting on support, lots of shorts trapped-easy move up with a push. " Endless profit growth"=Corporations rate of profit growth last quarter was LOWER than it has been in over two years-so my guess is they aren't feeling as warm and fuzzy about it as you might be. And, the obvious=if EVERYONE turns bullish-we tank or bubble. Bottom line is, like Teaparty, I don't think being a "bull or bear" is productive to trading. I have bearish "feelings" and takes on the market-but will trade whichever way leads to me getting paid. As I trader, I value volatility-not direction. Spooky

[OEXCHAOS]

This was a low volume rally. Just about every "bullish looking" chart I looked at has crummy volume today. I'd say it's suspect. But then, everything is this week. Mark

[qqqqtrdr]

Equity PC ended at .58, not exactly a house full of bears. The "endless liquidity" has seemed not so in the last week and change, and as I have said many times here, it is now being used to achieve the highest marginal utility-like today-sitting on support, lots of shorts trapped-easy move up with a push. " Endless profit growth"=Corporations rate of profit growth last quarter was LOWER than it has been in over two years-so my guess is they aren't feeling as warm and fuzzy about it as you might be. And, the obvious=if EVERYONE turns bullish-we tank or bubble. Bottom line is, like Teaparty, I don't think being a "bull or bear" is productive to trading. I have bearish "feelings" and takes on the market-but will trade whichever way leads to me getting paid. As I trader, I value volatility-not direction.

Spooky

Spooky: Once Equity 10-day Average gets below .55 I will look at going short. So far the Equity averages are neutral. However the CBOE Put/Call Ratio averages have been increasing, and OEX Put/Call averages decreasing. I would be nervous about this if I was bearish....

Barry

[da_cheif]

tice....he.s another one....snort

[OEXCHAOS]

Sniffing at Tice's Bearishness is like sniffing at Iaccoca's Bullishness. It's his business to be Bearish. Mark