I think we get two more days of blistering rally.
Equity/Index calls will lose volatility premium faster than I can type.
Vix puts maybe a way to play it.
A/D Line?
Started by
OEXCHAOS
, Aug 06 2007 05:09 PM
12 replies to this topic
#11
rkd80
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Posted 06 August 2007 - 09:06 PM
With such a low trin reading another blistering day like today is extremely unlikely...tomorrow's highest probability is: slight down / doji star.
“be right and sit tight”
#12
kaiser soze
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Posted 06 August 2007 - 11:05 PM
rkd,
I dont see a doji day tomorrow. Tomorrow is going to be decisive one way or the other judging from the small point changes on the Mclellan Oscillator. Overbought Trin can become more overbought, especially when shorts cover. Even if TRIN increases but stays well below 1.0, stocks can rally.
KS
#13
kaiser soze
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Posted 06 August 2007 - 11:21 PM
I take that back.
On closer examination, the point changes on the NYMO (15.2) and NAMO (9.64) are not all that small.
A doji is possible.
