Fed Cut on Expiration Day
#1
Posted 17 August 2007 - 08:09 AM
Remember this day, men, for it will be yours for all time.
#2
Posted 17 August 2007 - 08:26 AM
Mark S Young
Wall Street Sentiment
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#3
Posted 17 August 2007 - 08:46 AM
Actually, I suspect somebody was short a bunch of OTM puts that were stubbornly ITM!
The problem, eet eez sol-ved!
Amazing stuff. Looks a lot more shady than I'd like, too. Why at 8:20 and not 9:45?
M
Guess, we have not learned to think like the criminals
Remember this day, men, for it will be yours for all time.
#4
Posted 17 August 2007 - 08:49 AM
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
#5
Posted 17 August 2007 - 09:15 AM
#6
Posted 17 August 2007 - 10:58 AM
NOBODY (big boys bullish futures, too many hedge funds shorts puts, housing crisis, loan broker books in horendous shape, etc) was ready for a further CRASH and the FED had to do something. The only people loaded for a CRASH were the small traders (according to ISE put/call data), consequently, the FED had to step in. Furthermore IMHO, this will be temporary FIX perhaps until the longer term interest rate cycle plays out into November, afterwhich, the small players will be bullish and big players will be 'setup' for very big bear market.
This is all well documented in T laundrys work which has had the BIG PICTURE quite right for a long long time....he does not have a good grip on the smaller swings, but his big pic has been incredible.
http://ttheory.typep...rys_t_theory_o/
Edited by hamakua, 17 August 2007 - 11:00 AM.