2 replies to this topic

[A-ha]

too many conflicting and powerful signals.... spx p/c closed @ 3.2 near precrash level (this is institutional imo... maybe hedging this time i dont know) while oex pc below 1 (da boyz or slicks) thinks we are goin to the moon monday very strangely too many IT internal / breath composite signals screaming buy as if spx coming out of a 500 points plunge while most of the major indices are up against their controlling LT trend lines bunch of intramarket signals like ndx-sox / nya-rut oscillator suggesting an upside blast while commercials short gold big time 20-30 yr bonds indicating higher rates ahead again while dollar cratering towards the all time lows commercials went heavily long big contract...while small suckers did the opposite rate sensitive sectors has been showing relative strength lately while utilities, once again started selling off yesterday (maybe they are following the same tbond charts) retail trader sentiment doesnt support higher prices (they are bullish) while equity p/c ratio closed at 0.72 yesterday which indicates the opposite wanna hear more....

Edited by A-ha, 29 September 2007 - 01:49 PM.

[arbman]

This is the preview of Oct. It is about June 1 2005 on this chart.



Actually it is quite descriptive about Nov too...

[jack]

commercials went heavily long big contract...while small suckers did the opposite

Bumped into this thought in a few places this weekend.

Everybody left the table, they just left the table at different speeds

net cot aint the whole picture

For sure I dont know that comm longs are not the same folks as comm shorts
but I guess they are not.

I await big time option sellers to reveal spx cot secrets

Edited by jack, 29 September 2007 - 05:40 PM.