Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (92887)	6/16/2011 12:42:24 PM
From: shoreco	1 Recommendation Read Replies (1) of 94695

The only silver lining I saw yesterday while the indices were hitting new lows, was the contraction in the "new lows" set from the previous days... All this really means is they stopped selling what they were selling, and sold something else...lol... But, this is one of the indicators I look for to mark a trade able "top or bottom"... The others are a spike in the vix, extreme negative "tick" readings, and while I use to, I don't really pay much attention to the put/call ratio anymore, only because there are options on options now and they expire once a week now, where in the past it was a monthly thing... and of course the most important hour of the trading day(the final hour)... This doesn't mean we don't go down from here, but while the daily charts have been in a sell for a couple of weeks, the weekly charts still have some momentum and they are approaching areas where we have bounced before... Good trading,

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