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To: Shack who wrote (3216)5/23/2001 11:09:38 AM
From: AllansAlias  Read Replies (1) | Respond to of 209892
 
Probably in 4 (up) of our 'c' (down) and like all silly 4's, it could be protracted. Need to flush! -g



To: Shack who wrote (3216)5/23/2001 11:10:55 AM
From: Perspective  Read Replies (1) | Respond to of 209892
 
Remember, turn is NYA-based, and if you look at the character of that dump this morning, it's consistent with the tide switching from incoming to outgoing.

Think of it as a tide, pulling or pushing. Waves can still push in on top of the outgoing tide, but eventually the tide carries the flotsam with it regardless of the minor disturbances on top.

I surf, so these "wave" and "tide" analogies are natural for me! Hopefully they also lead me to be a better trader...

BC



To: Shack who wrote (3216)5/23/2001 11:11:05 AM
From: Shack  Respond to of 209892
 
WTF? Someone just bought an absolute ton of calls on some equity? The P/C ratio went from .56 to .21!!!!!