Edited by ogm, 09 July 2007 - 09:18 AM.
First 30 min put call
#1
Posted 09 July 2007 - 09:16 AM
#2
Posted 09 July 2007 - 09:19 AM
Hi ogm, thanks for the heads up and insights. VIX, VXN, VXO, and QQV have also been up.Will be interesting to see how it ends.
So far general trend is for very fast acceptance of this move.
Now, I heard before that first hour put/call may not mean much, but... in my experience it does. The day often goes in the opposite direction of the first hour P/C, if there are significantly low or high readings.
A/D line is far from spectacular for this low equity p/c
Cheers,
Bob-C
#3
Posted 09 July 2007 - 09:23 AM
Not sure what your underlying assumption is re "opposite direction" -- do you mean if p/c is low, it is a contrarian indicator so the market will go lower, or do you mean if p/c is low, the opposite direction is high, so the market will go higher?Now, I heard before that first hour put/call may not mean much, but... in my experience it does. The day often goes in the opposite direction of the first hour P/C, if there are significantly low or high readings.
A/D line is far from spectacular for this low equity p/c
#4
Posted 09 July 2007 - 09:43 AM
Not sure what your underlying assumption is re "opposite direction" -- do you mean if p/c is low, it is a contrarian indicator so the market will go lower, or do you mean if p/c is low, the opposite direction is high, so the market will go higher?
Now, I heard before that first hour put/call may not mean much, but... in my experience it does. The day often goes in the opposite direction of the first hour P/C, if there are significantly low or high readings.
A/D line is far from spectacular for this low equity p/c
Yes, from contrarian perspective.
#5
Posted 09 July 2007 - 09:52 AM