25 replies to this topic

[A-ha]

now I know that I fight against an army of bottom pickers , vix is high, we are oversold and looks like a few big shots like buffet just joined the army although i never understand why they advertise their existence to the public... i think livermore explained why in the book but i dont remember... i ll have to check let me go get my valium so i stay numed if the market starts taking back my 70 handles

[ogm]

Don't worry, you have a whole army of Equity put buyers on your side. Look at the 1+ EPC this morning already. We know these guys are never wrong.. you will prevail.


Stupid Buffet, he has nothing. Now the Equity options players buyers.. these are the real smart money.

http://www.cboe.com/...ntraDayVol.aspx

Equity Index Total Put / Call
Time Calls Puts Total Calls Puts Total Calls Puts Total Ratio
9:00 AM 160563 157778 318341 122166 302958 425124 282729 460736 743465 1.63
9:30 AM 293469 267736 561205 261408 623414 884822 554877 891150 1446027 1.61
10:00 AM 375898 339551 715449 341495 764095 1105590 717393 1103646 1821039 1.54
10:30 AM 455542 457391 912933 451395 917489 1368884 906937 1374880 2281817 1.52

Edited by ogm, 15 August 2007 - 11:07 AM.

[A-ha]

Yes that is another concern for the bears...
millions of nickel and dime traders are positioned for a drop in case a few billion more liquidated by whales again..
i swallowed 2 pills, going num

Edited by A-ha, 15 August 2007 - 11:15 AM.

[ogm]

By the way, Buffet doesn't advertize. He simply has to disclose large purchases in regulatory filings. Law.

[arbman]

What I really like about counter trend trading is that the retracements are usually really fast, both in bull and bear markets. This is great since I do not like being in the markets for too long unless I get into the move right from the top and build significant amount of safety...

[IndexTrader]

Those purchase by Buffett were as of June 30 as I understand it. IT

[A-ha]

By the way, Buffet doesn't advertize. He simply has to disclose large purchases in regulatory filings. Law.

but you wouldnt care or post here if he was selling the same stock would you ...

Those purchase by Buffett were as of June 30 as I understand it.

IT

Hey IT,
good to see you.

Edited by A-ha, 15 August 2007 - 11:31 AM.

[IndexTrader]

Good to see you again too xD. IT

[Cirrus]

xD, I'm short with you in the Qs this time. I've been playing the SP and R2K but I think any move down must be led by the NDX. There was lots of optimism prior to the AMAT report which wasn't good. Also, the weekly SOX chart looks vulnerable--right at the trend line. All I've been hearing about recently is that tech is the place--'hide' in tech. We'll see....

[A-ha]

I think you have a good chance to do good on this trade.

This channel looks like bullish for NDX at the first glance. BUT other major indices like S&P broke below similar channel structures and formed gigantic fakeouts, so far they led the market down.

IF NDX breaks down here, it should quickly accelerate and take over the leadership on the downside