Check out the RUT vs. everything else. We know that the system is clogged with shorts, but this is fascinating.
I advised anyone hedging with TWM to dump this morning.
Covering under cover of weakness???
Started by
OEXCHAOS
, Aug 16 2007 10:01 AM
8 replies to this topic
#1
OEXCHAOS
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Mark S. Young
Posted 16 August 2007 - 10:01 AM
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#2
securelstmile
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Posted 16 August 2007 - 10:14 AM
This morning goog and aapl were getting crushed and the rut was green. That is the inverse of the bull run of just 1 month ago.
Don't you love the market!!!!
The harder I work, the luckier I get.
#3
Shazzam
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Posted 16 August 2007 - 10:17 AM
my tell has been the regional bank index, ACBQ, up over 3% today and never took out last weeks lows. Time to go long!
#4
rkd80
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Posted 16 August 2007 - 10:24 AM
my tell has been the regional bank index, ACBQ, up over 3% today and never took out last weeks lows. Time to go long!
mark,
i thought it was telling this morning that ER2 held August 6th lows. There is definitely underlying strength there...might change by EOD, but as of now - its the place to be if long apparently.
“be right and sit tight”
#5
OEXCHAOS
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Mark S. Young
Posted 16 August 2007 - 10:26 AM
When we turn, the Rut will be up 5% in two days.
Covering a profitable short is very easy to do quickly. Or rather, it's very easy to WANT to do quickly.
Mark
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#6
SemiBizz
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Posted 16 August 2007 - 10:31 AM
It's all about % of Institutional Ownership Mark...
Price and Volume Forensics Specialist
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
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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
rkd80
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Posted 16 August 2007 - 10:35 AM
When we turn, the Rut will be up 5% in two days.
Covering a profitable short is very easy to do quickly. Or rather, it's very easy to WANT to do quickly.
Mark
I think covering in time is one of the hardest things to do in trading. Bounces/rallies happen so quickly that seasoned shorters are proned to covering for they do not want to get nailed - again. Tops are always a long and agonizing process so there is more time to act.
At least that has been my experience as of late, which could be a bull market type phenomena. Granted last few weeks it apparently has been the opposite, but being short now is scary even though there could be more downside potential.
“be right and sit tight”
#8
SemiBizz
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Posted 16 August 2007 - 10:42 AM
There is a big difference between a fund panic and a small investor panic... we have not seen the latter yet.
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
#9
sglasson
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Posted 16 August 2007 - 02:09 PM
When we turn, the Rut will be up 5% in two days.
Covering a profitable short is very easy to do quickly. Or rather, it's very easy to WANT to do quickly.
Mark
purchased R2K fd yesterday - looking for a run back to 800 if she continues to hold up - if not, looking to exit near 770/75 - that's about 5% or so - will also consider flipping short at these levels too - mkts moving fast - dont blink
