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To: sun-tzu who wrote (2687)2/18/2003 7:46:12 AM
From: nsumir81  Read Replies (2) | Respond to of 11447
 
geez..sun-tzu..why the hackles? or is that my imagination?

p/c ratio is a volume ratio

volume is NOT open interest

check volume on any given day for any contract

the resulting OI difference (next day update) is usually (hardly ever the same) different from the total volume for that contract from the previous day

i have been checking the OI as the P/C has spiked

not much appreciable increase in puts over calls at least for the front month

not much appreciable increase in premium for puts either

some artifact of possible longer term positions or near term positions like march etc

i think we get a retest by end of month but we have seen the lows for now

i am using several indicators too

most important for me is price ..price charts and MAs

daily weekly monthly

sure am looking at vix daily weekly vxn and know (heard a theory) why they are behaving differently

i agree opinions get one into trouble

did i say u had one? we all do

we all have a bias

when we take a position we constantly look for verification (some may say they look for contrary stuff but bias leads us the other way to look for verification AFTER taking a position)

then we post what we see as confirming factors

then we get into such discussions

anyway

good luck

u could be right

gotta go



To: sun-tzu who wrote (2687)2/18/2003 10:27:04 AM
From: Win-Lose-Draw  Read Replies (2) | Respond to of 11447
 
the worst thing that a trader can have is an opinion

put another way, it's not being wrong that costs you money, it's being stubborn that costs you money.



To: sun-tzu who wrote (2687)2/18/2003 2:18:17 PM
From: LTK007  Read Replies (2) | Respond to of 11447
 
whew sun i see where we have been tightly tightly trading in my resistance zone 849-851. This is going to very interesting. Long side would not want to see a breakdown at 847 level. i will be watching for a blowupwards move or blow down move on my 1-min chart. Max