What's up with the boyz ?
Started by
NAV
, Sep 26 2007 09:48 AM
12 replies to this topic
#1
NAV
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Posted 26 September 2007 - 09:48 AM
At this end, the hourly trend, momentum and breadth looks Kosher.
But the DOW and OEX folks are loading up puts like mad today. What's up with these guys ?
#2
A-ha
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Posted 26 September 2007 - 09:54 AM
At this end, the hourly trend, momentum and breadth looks Kosher.
But the DOW and OEX folks are loading up puts like mad today. What's up with these guys ?
SPX p/c closed around 3 yesterday, a similar reading we saw before big down days
i think its gonna get worse today... awful smell has been coming out of banks since the wonder fed rally...
#3
NAV
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Posted 26 September 2007 - 09:59 AM
At this end, the hourly trend, momentum and breadth looks Kosher.
But the DOW and OEX folks are loading up puts like mad today. What's up with these guys ?
SPX p/c closed around 3 yesterday, a similar reading we saw before big down days
i think its gonna get worse today... awful smell has been coming out of banks since the wonder fed rally...
A-ha,
Well, the DOW folks were buying puts heavily yesterday. They got hit with gap-up today. Now , they are buying puts even more heavily today. Sort of Martingale betting. With the breadth strong and hourly momentum against them, the martingalers could get their head handed over to them. IMHO.
Edited by NAV, 26 September 2007 - 10:00 AM.
#4
ken29
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Posted 26 September 2007 - 10:07 AM
Interesting the best 2 traders on this board currently have opposite opinions of the direction of this market 
#5
risktaker
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Posted 26 September 2007 - 10:07 AM
$XBD Up >1.7%
IWM Up >1%
Outperforming the market.
#6
skyymaster
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Posted 26 September 2007 - 10:15 AM
Nav, perhpahs all the shorts are covered and captulated to the long side 
Short-selling activity fell sharply on the tech-stock-led Nasdaq Stock Market in the latest monthly reporting period, which included a rally in tech shares as investors placed their bets ahead of the Federal Reserve's latest interest-rate cut.
For the monthly period ended Sept. 14, the number of short-selling positions not yet closed out at Nasdaq -- so-called short interest -- dropped 7.6% to 8,317,483,297 shares from 9,001,087,804 shares in mid-August.
Market-wide, the short ratio, or number of days' average volume represented by outstanding short positions at the exchange, was unchanged at 4.6.
Short-selling activity fell sharply on the tech-stock-led Nasdaq Stock Market in the latest monthly reporting period, which included a rally in tech shares as investors placed their bets ahead of the Federal Reserve's latest interest-rate cut.
For the monthly period ended Sept. 14, the number of short-selling positions not yet closed out at Nasdaq -- so-called short interest -- dropped 7.6% to 8,317,483,297 shares from 9,001,087,804 shares in mid-August.
Market-wide, the short ratio, or number of days' average volume represented by outstanding short positions at the exchange, was unchanged at 4.6.
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#7
NAV
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Posted 26 September 2007 - 10:26 AM
The obscenity continues....
787 DOW calls vs 18396 DOW puts. Hmmmm......
#8
rkd80
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Posted 26 September 2007 - 12:02 PM
I am seeing this too and don't know what to make of the situation.
Atilla are you still short from the pre-fed rally days?
“be right and sit tight”
#9
A-ha
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Posted 26 September 2007 - 12:18 PM
I am seeing this too and don't know what to make of the situation.
Atilla are you still short from the pre-fed rally days?
http://www.traders-t...?...st&p=315488
why not go long then?
Bank-run in england will definately force Fed to cut .50
scorch is inevitable
Once it starts I will reverse my position
but i am now back to the dark side...
short ES from 1534-35 average
Edited by A-ha, 26 September 2007 - 12:20 PM.
#10
youmast
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Posted 26 September 2007 - 12:43 PM
The obscenity continues....
787 DOW calls vs 18396 DOW puts. Hmmmm......
Who told you this is bad? Have you seen the "true quality" of these puts and calls? What if we deal with some sort of bullish spreading? What if this is kinda bullish hedging? Don't get me wrong... but put/call ratio has nothing to do with market direction. You have to see them "inside".
Just my 2 cents.
