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The open interest is decreasing in March futures ((s&s), which I understand
to mean that short covering is happening. I believe that 1/8/01 was the
highest OI, I think though that this rally into the fed news is going to
be a sell the news kind of thing. Just an opinion though, nothing to base it
on. That informed speculation that any rate cut is going to be .25 instead
of .5, didn't hurt stocks, thus people are buying back what they sold.
Other opinion...
Don
From: "Dom Perrino" <domenick@xxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxx>
Sent: Tuesday, January 23, 2001 6:00 PM
Subject: Re: [RT] Re: Mkt - Naz astro
> Bob,
> The standard indicators are overbought . However, we have had some good
> accumulation going on recently, the NDX chart looks like it formed a nice
W
> formation. I would be a buyer on any weakness that may come in to correct
> the o/b condition. The a/d line on NYSE is in good. The a/d line on the
NDX
> is still not in good shape.
> Dom
> ----- Original Message -----
> From: "BobR" <bobrabcd@xxxxxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxx>
> Sent: Tuesday, January 23, 2001 8:11 PM
> Subject: Re: [RT] Re: Mkt - Naz astro
>
>
> > Forget the astro for a sec and consider, volatility, price
distribtution,
> > price trend and a down to earth trader might conclude that the odds for
a
> > trend change(no magnitude predicted) are higher now than they were a few
> > weeks ago....but if you want a 99.9% correct indicator, then take the
> > opposite side of all my trades. Sound familiar.
> >
> > BobR
> >
> > ----- Original Message -----
> > From: <onwingsofeagles@xxxxxxxxxxxxx>
> > To: <realtraders@xxxxxxxxxxx>
> > Sent: Tuesday, January 23, 2001 4:18 PM
> > Subject: [RT] Re: Mkt - Naz astro
> >
> >
> > > I think Norman has a valid point re taking these Jupe-Sat events as
> > > markers for the long term.
> > >
> > > Amazes me that he alluded to, but nobody seems to have researched it
> > > yet - the rare number of times this particular combination has
> > > happened.
> > >
> > > If someone sends me the dates, I'll be happy to post
> > > charts/historical events in the before-after.
> > >
> > > Lynn/DonT/Norm himself? Please?
> > >
> > > BTW - Didn't mean to have the website/astro dissed, it was a "just
> > > kidding" comment on the fly... and in any case, everybody's entitled
> > > to use stops.
> > >
> > > Heck, today was a great example of OEX moving up 10+ handles but the
> > > ATM calls from yesterday gaining only 2 for most of the day. Falling
> > > vols, rising underlying prices, fast asleep calls.
> > >
> > > Gitanshu
> > >
> > >
> > > To unsubscribe from this group, send an email to:
> > > realtraders-unsubscribe@xxxxxxxxxxx
> > >
> > >
> > >
> > >
> >
> > To unsubscribe from this group, send an email to:
> > realtraders-unsubscribe@xxxxxxxxxxx
> >
> >
> >
>
>
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>
>
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