The Philosophical Porch Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : The Philosophical Porch

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: Rarebird	7/15/2009 8:10:02 AM
	Read Replies (1) of 26251

Transcendental Market Fragments: The Market: The market had its relief rally and has probably entered into stasis to let the put options die quietly. Whether the voracious call buyers actually make a profit depends on the market continuing to rally. With both OEX and QQQ traders overly-bullish, that doesn't seem likely (it's just not that easy): Yesterday's $$ Weighted Call/Put Ratios: OEX: 2.03 QQQ: 2.08 Most likely, the market is going to see stocks run in place now that the option writers have the market just about perfectly positioned for maximum profits. Quarter-Hourly Dow Industrials: The Dow is stalling at my measured move objective (8349.6699) off last week's low. Quarter-Hourly S&P 500: The SPX has reached my measured move objective (910.3789 is 62% MM; 913.6600 is MM) and (if you look at Wilder's Relative Strength Index Zero Based-14) it's showing bearish divergence as well.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next