Guys, I'm bearish, but I don't believe this decline is anything more than options related.
Unless something is whacky, I'm seeing an 0.86 ARMS right now. This is either related to some arbitrage or it's accumulation under cover of weakness.
Things could change, to be sure, but this makes me very careful on the bearish side.
Mark
Don't Believe It
Started by
OEXCHAOS
, Jul 18 2007 11:26 AM
8 replies to this topic
#1
OEXCHAOS
-
- Admin
- 22,025 posts
Mark S. Young
Posted 18 July 2007 - 11:26 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
#2
ogm
-
- Traders-Talk User
- 13,780 posts
Member
Posted 18 July 2007 - 11:38 AM
TRINQ is 1.33 though.
Arms is tricky, it can close above one by the end of the day, if A/D doesn't improve and market takes a swoon in the last hour. We're sitting near some critical supports.
One thing for sure..... this will be a heavy volume day. Already 900+ mil shares traded on NYSE, may hit 2 bil by the close. One of the heaviest volume days in many days.
1.1 bil on the Naz already.
MCOs deep in the red now, summations completely turned around.
Edited by ogm, 18 July 2007 - 11:40 AM.
#3
SemiBizz
-
- Traders-Talk User
- 23,208 posts
Volume Dynamics Specialist
Posted 18 July 2007 - 11:44 AM
http://bigcharts.mar...&mocktick=1.gif
Volume pin # 1 breaks on volume, we should be headed for a test of #2 now under 49.50...
Volume pin # 1 breaks on volume, we should be headed for a test of #2 now under 49.50...
Price and Volume Forensics Specialist
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#4
BearItch
-
- Traders-Talk User
- 515 posts
Member
Posted 18 July 2007 - 11:47 AM
Guys, I'm bearish, but I don't believe this decline is anything more than options related.
Unless something is whacky, I'm seeing an 0.86 ARMS right now. This is either related to some arbitrage or it's accumulation under cover of weakness.
Things could change, to be sure, but this makes me very careful on the bearish side.
Mark
Maybe the mark up was options related too then? But I am in the earnings camp. And any real decline with some staying power won't happen until we are further along in earnings unless they all pretty much suck which is unlikely imo.
Edited by BearItch, 18 July 2007 - 11:48 AM.
#5
SemiBizz
-
- Traders-Talk User
- 23,208 posts
Volume Dynamics Specialist
Posted 18 July 2007 - 12:18 PM
Of course we can always consolidate and test higher before testing volume pin #2... took partial profits short.
Price and Volume Forensics Specialist
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#6
SemiBizz
-
- Traders-Talk User
- 23,208 posts
Volume Dynamics Specialist
Posted 18 July 2007 - 12:39 PM
Wait a minute... is this deja vous all over again? Hmmm, sub-prime worries and Burn-Yankee flappin his jaws... that was last week wasn't it?
Price and Volume Forensics Specialist
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#7
eminimee
-
- TT Member
- 14,307 posts
I don't care who's fur is flying...
Posted 18 July 2007 - 01:21 PM
Wait a minute... is this deja vous all over again? Hmmm, sub-prime worries and Burn-Yankee flappin his jaws... that was last week wasn't it?
How much is left in that bottle?
#8
Cirrus
-
- TT Patron+
- 5,735 posts
Member
Posted 18 July 2007 - 01:37 PM
The trend is up in monthly, weekly and daily time frames. Until one or two of those time frames change, it's always best to play the bear side with extreme caution.
#9
sglasson
-
- Traders-Talk User
- 503 posts
Member
Posted 18 July 2007 - 05:41 PM
Guys, I'm bearish, but I don't believe this decline is anything more than options related.
Unless something is whacky, I'm seeing an 0.86 ARMS right now. This is either related to some arbitrage or it's accumulation under cover of weakness.
Things could change, to be sure, but this makes me very careful on the bearish side.
Mark
high cpce suggests summer rally continues to new highs
http://stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=4&mn=0&dy=0&i=t49164120601&r=1109.png
