Single Best Buy Signal
#1
Posted 25 July 2007 - 06:51 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
Posted 25 July 2007 - 06:58 AM
#3
Posted 25 July 2007 - 07:01 AM
The future is 90% present and 10% vision.
#4
Posted 25 July 2007 - 07:04 AM
#5
Posted 25 July 2007 - 07:39 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
#6
Posted 25 July 2007 - 07:47 AM
why not short 1525 SPX cash horizontal R now...or 1530-33 if seen?
I realize sentiment is your strategy here, but this other idea may be the high odds play right now...yes, being concerned about a bear trap is valid...tight stop on a short may work though.
Got an order in to sell 1533 today, good for 20 pts down if seen.
#7
Posted 25 July 2007 - 08:24 AM
#8
Posted 25 July 2007 - 09:05 AM
#9
Posted 25 July 2007 - 09:09 AM
#10
Posted 25 July 2007 - 09:12 AM
Opening equity P/C is 0.49, overall 0.84, 250k calls passed, I am thinking more flushing will be needed, but SPX is at the trendline support from the March lows, so perhaps not much lower?
Yep.... From Put/Call it appears more flushing is needed. Do you know where we can look at the OEX Put/Call Ratio during the day. If this is high while Equity is low, it is much more of a solidified statement that the market will go down.