Edited by NAV, 27 June 2007 - 10:19 AM.
There's always something to worry about....
Started by
NAV
, Jun 27 2007 10:18 AM
5 replies to this topic
#1
NAV
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Posted 27 June 2007 - 10:18 AM
Like Mark said, i did not see climactic volume come into the low. But i did see positive volume divergences on the 30-min Spy chart. I don't like the fact that the OEX folks are loading up with puts. I also don't like the intraday A/D line with more decliners than advancers. But daddy, the price......
#2
bighouse1006
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Posted 27 June 2007 - 10:31 AM
Hi Nav,
Isn't the $-weighted OEX put/call bullish?
#3
arbman
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Posted 27 June 2007 - 10:32 AM
I am looking at SPX and it has a completely different picture than NDX. I guess if it does not manage to bounce with the bearishness out there --ok maybe not here, then probably more down. I am mostly trading this, perhaps this will end up being a huge down at some point since I do not expect a huge up 
#4
OEXCHAOS
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Mark S. Young
Posted 27 June 2007 - 10:48 AM
I gotta say, I like the Naz, but I'm smelling rodents all over the place.
FWIW, OEX nominal P/C 2.39 $-weighted 0.45
Over 2 on the $-weighted is Bullish, under 0.5 is Bearish. It's early, however.
Mark
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#5
tommyt
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