Off Topic---
Lisa, Bahama Mama, lis--
You don't respond to me any more, not that you ever did in excess---GGG.
You told me to lighten up, so I did, and now you wont "sas" me back.
I chunked this one out over on your ex favorite thread----- as I'm not mad at nobody cause I'm to old and decrepit and wore out and have seen too much to get upset when you kids get exorcised and excited and wound up-----at any rate FWIW ---------
-----J T, you said----> this volatility thing is not good and a lot of traders are getting "hung out to dry", whipsawed, guillotined and you know the rest. ....
I'm gonna make an observation --- the "Big Boys" are the ones doing the "doing" and the "lil foks" are doing the "getting".
Ike made the ovservation the other day that the known "support and resistance" points are being taken out by a small amount and then the movement goes the other way. I've been around the market all my life, and that ain't no lil bit either, and can recall when the "forecasted" earnings by the multiplicity of analysts determined the up or down movement of an equities price.
NO MORE.
It's now "whisper numbers" and I can see, not due to being smart but due to being suspicious, the same thing is happening with BBs and other "normal" charting methods for the numbers of res and sup.
I can only speak with authority on the S&P 100 figures, cause that's where I have spent the last year and levendy dozen days doing research.
When I first posted here, I said plus/minus one and a half on my posted numbers. I just didn't explain why cause I wasn't 80% sure, I am now.
To illustrate the logic behind my statement, YOU AND ALL THE TRHEAD pull a table on a option, any given strike price close to the money tomorrow, on the Chi board. The O I won't move (or very little ) and the volume will move big. For example today, the OEX Sept 875 ---OEXIO calls and OEXVO puts respectively spent the day at 679 and 3063 O I and the volume moved from 0 to 3204 and 0 to 2658. No new positions were created, only the ones the "Big Boys" had initated were traded----kinda like the Feds and the money supply----"-if we need more to sell, we'll just print more".
While I realize this a VERY VERY simplistic illustration and can be shot full of holes.....legal holes and excapes, ...... perhaps it will alert the thread to the fact that "things are not always what they seem " in todays market.
Long term, these factors don't matter. The market and individual equities will advance and decline based on F A, not T A. But as I was taught in college economics long ago---in the long term, we'll all be dead.
I posted earlier today on Stan's thread---
-The market, as you well know, is gonna move money from weak hands to strong hands every day, every month and every year. A bunch of threads on S I, your included, can enable us to become stronger.
......the remark is applicable to this thread as well.
Regards---Nemer |
