I don't quite trust this decline !
#1
Posted 21 June 2007 - 02:33 AM
#2
Posted 21 June 2007 - 04:22 AM
#3
Posted 21 June 2007 - 05:02 AM
#4
Posted 21 June 2007 - 06:26 AM
Mark S Young
Wall Street Sentiment
Get a free trial here:
http://wallstreetsen...t.com/trial.htm
You can now follow me on twitter
#5
Posted 21 June 2007 - 07:28 AM
#6
Posted 21 June 2007 - 08:33 AM
Naz decline vs. SPX: The answer is that SPX was what they planned on taking down. Just go back and look at the options data on the SPX and SPY. The story is written there.
My post touched on it.
Mark
Mark,
SPX options folks are mostly hedgers and so i don't pay much attention to their activity. It's the OEX guys who are the smart money and have better track record of nailing turns.
Nav,
Apparently lots of folks do not trust this decline. As Mark pointed out the sentiment is confirming the disbelief - that to me appears to be a very bearish sign. At this point I feel quite confident that we can see a deeper decline that might actually forge lower than last week's lows because we are not experiencing the same kind of OS + Bearish levels.
rkd
I don't know about sentiment. But my disbeleif is based on technicals here.
#7
Posted 21 June 2007 - 09:08 AM
Mark S Young
Wall Street Sentiment
Get a free trial here:
http://wallstreetsen...t.com/trial.htm
You can now follow me on twitter