2 replies to this topic

[redfoliage2]

Shorts need to keep your powder dry. I just covered 50% and not waiting for the much anticipated WWW.

[atlasshrugged]

Shorts need to keep your powder dry. I just covered 50% and not waiting for the much anticipated WWW.

can you please tell clueless here what WWW is?

thanks

[redfoliage2]

Shorts need to keep your powder dry. I just covered 50% and not waiting for the much anticipated WWW.

can you please tell clueless here what WWW is?

thanks

iron Cross: Here is the writing about WWW from Mark:

We occasionally forget that not all of our subscribers have been with
us long enough to be come familiar with all the terms and references
we make. "Weird Wolly Wednesday" or WWW is the latest reference that
we've left unexplained. Our apologies.

"Weird Wolly Wednesday" is the Wednesday prior to options expiration,
when we can expect some odd volatility--usually to the down side.
Large options players and/or programmers seem to like to take the
market down so that they can write premium (usually puts) and then
bounce it later that or the next week to sap premium and to let all
those puts expire worthlessly.

The pattern is repeated over and over again. Most of the time, if we
see strange, sharp weakness into or around "WWW", we probably should
be looking long, rather than short, if only for a few days.
Similarly, if there's a set up for a sell off prior to "WWW" we
should probably play for it.

> We have "Weird Wolly Wednesday" (thank you Don Wolanchuk) this
week, so start getting ready for the monthly manipulations.

For more on using the ISA and the various sentiment poll data, click
here: http://www.WallStreetSentiment.com

Mark Young Editor

Edited by redfoliage2, 10 July 2007 - 04:36 PM.