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Strategies & Market Trends : Classic TA Workplace

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To: Henry J Costanzo who wrote (173424)11/12/2008 1:22:02 PM
From: The Freep  Read Replies (2) of 209892
 
> as you note, centered in Indexes/ETFs....and not sure what one should make of that feature

Smart money positioning, of course :-) It'll be interesting to see how it looks at the end of the day. Is it possible, also, to determine if there's one big trade skewing things? Not that it matters -- the indicator is the indicator.

Oddly, the CBOE shows index puts and calls way too close to even for my liking.
7-6 index puts over calls. Equity put call high but not over the magic 1 number. Still, there are a lot of possible bounce spots around, so trying to see if things add up to one makes sense to me. We don't HAVE to go to my lower targets right away :-)
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