Edited by ogm, 09 July 2007 - 09:18 AM.
First 30 min put call
Started by
ogm
, Jul 09 2007 09:16 AM
4 replies to this topic
#1
ogm
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Posted 09 July 2007 - 09:16 AM
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
#2
Bob-C
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Posted 09 July 2007 - 09:19 AM
Hi ogm, thanks for the heads up and insights.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
VIX, VXN, VXO, and QQV have also been up.Cheers,
Bob-C
Disclaimer: None of my posts are meant to be taken as investment advice or trading advice. Do your own due diligence and consult your financial advisor before making any trades or investments.
#3
Drano
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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
ogm
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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.
